The Latest Bankruptcy Stats
This just in: Bankruptcy filings in 2005 hit record highs, with nearly 2.1 million filings for debt protection, up 30 percent from 2004.
This is really no surprise. After all, a new bankruptcy law took effect in mid-October making it harder for consumers to completely wipe out their debts. As a result there was a last minute surge of bankruptcy petitions in October; more than 630,00 petitions were filed that month, nearly a third of the entire year's total.
For more details and numbers, visit the Web site full of bankruptcy statistics from the U.S. Courts.
Please email us to report offensive comments.
Posted by: David Levine | March 24, 2006 2:09 PM
Posted by: DC | March 28, 2006 9:42 AM
Posted by: Tafmon | April 5, 2006 1:00 PM
The comments to this entry are closed.