Thursday, November 8, 2012

AO Statistics Show Bankruptcy Filings Down in FY 2012

The Third Branch News reports, "Bankruptcy cases filed in federal courts for fiscal year 2012, the 12-month period ending September 30, 2012, totaled 1,261,140, down 14 percent from the 1,467,221 bankruptcy cases filed in FY 2011, according to statistics released today by the Administrative Office of the U.S. Courts."  In addition, "[f]or the 12-month period ending September 30, 2012, business bankruptcy filings—those where the debtor is a corporation or partnership, or the debt is predominantly related to the operation of a business—totaled 42,008, down 16 percent from the 49,895 business filings reported in the 12-month period ending September 30, 2011."  Filings decreased for every bankruptcy chapter (7, 11, 12, and 13). 

The link above contains further links to detailed statistics.

PM

http://lawprofessors.typepad.com/civpro/2012/11/ao-statistics-show-bankruptcy-filings-down-in-fy-2012-.html

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