First Quarter Consumer Bankruptcy Filings Fall 6 Percent from 2010

U.S. consumer bankruptcy filings totaled 770,117 nationwide during the first six months of 2010, a 14 percent increase from the year-ago period, according to the American Bankruptcy Institute (ABI). October Consumer Bankruptcy Filings surge 28 percent Over Last Year

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However, total bankruptcy filings fell 6 percent during the first nine months of 2016 (Jan. 1-September 30) from the same period a year ago as the 593,034 filings decreased from 629,754 in 2015.

The 422,061 total filings for the second calendar quarter 2010 (april 1-june 30) represented a 11 percent increase from the second quarter 2009 filing total of 381,073. Consumer filings increased 12 percent from 365,059 recorded in the second quarter of 2009 to 407,609 filings in the second quarter 2010.

Consumers are filing fewer bankruptcies in a stronger economy, but Chapter 11 filings by corporations are up, possibly a reflection of retail sector weakness. Skip to content. Bloomberg the Company & Its Products Bloomberg Anywhere Remote Login Bloomberg Anywhere.

 · Kansas Bankruptcy Filings Fall August 3, 2012 By Mark Neis Bankruptcy filings in Kansas followed the national downward trend and declined for the past year. Â There were 9648 bankruptcy cases filed in Kansas in the 12 months ending in June, a decline of 9.7%.

 · Total U.S. consumer debt reached an all-time high in the third quarter at $4.372 trillion, up 3.8 percent from a year earlier (Chart 9). 13 excluding student loans, total consumer debt was $2.930 trillion, up 2.6 percent from a year earlier and also a historical high.

 · After the Dow Jones Industrial Average closed down 504 points – roughly four and a half percent – and the Nasdaq lost three and a half percent in response to the Lehman bankruptcy.

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According to a recent article in Reuters, consumer bankruptcy filings are likely to remain on the decline. Indeed, a Fitch Ratings’ Report showed that “annual U.S. personal bankruptcy personal bankruptcy

Southern California bankruptcies fall to 11-year low. As a result, Southern California’s first-quarter bankruptcies surged to 35,046 in 2011 from 6,768 in 2007 – a 418 percent increase, the largest among the nation’s 93 bankruptcy court districts. The region was by no means alone in a bankruptcy surge: U.S. filings rose by 91 percent in those same four years.

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