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Title: Consumer Bankruptcy Filings increase in September (More Double-Dip Evidence)
Source:
calculated risk
URL Source: http://www.calculatedriskblog.com/
Published: Oct 4, 2010
Author: Caculatedriskblog
Post Date: 2010-10-04 17:57:32 by Nebuchadnezzar
Keywords: None
Views: 120
Consumer Bankruptcy Filings increase in September by CalculatedRisk on 10/04/2010 01:13:00 PM Via MarketWatch: Consumer bankruptcy filings climb 11% The American Bankruptcy Institute reported that there were 130,329 consumer bankruptcies filings in September, up 3.3% from August. Filings were up 11% over the first 9 months of the year compared to the first 9 months of 2009. "We expect that there will be nearly 1.6 million new bankruptcy filings by year end," ABI Executive Director Samuel Gerdano said. This graph shows the non-business bankruptcy filings by quarter using monthly data from the ABI and previous quarterly data from USCourts.gov. In 2005 the so-called "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" was enacted. Since then the number of bankruptcy filings has increased steadily.
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