Bankruptcy

Bankruptcy Committee Chair: More Bankruptcy Judges Needed

By meaghano

The Washington Post reports today that Barbara Lynn, chair of the bankruptcy committee of the Judicial Conference of the United States, recommended to congress that more bankruptcy judges are needed to handle the growing number of bankruptcy cases.

Her testimony included some interesting fast-facts about bankruptcy in the U.S. in 2009:

• There are currently 324 bankruptcy judgeships
• Going back 1 year from March 31 of this year, there were 1.2 million bankruptcy filings
• That is almost double the number filed in 2006
• Bankruptcy filings grew 31 percent compared to last year

This is another reminder that if you’re considering filing bankruptcy, know that you’re not alone.

Full post as published by The Bankruptcy Blog on June 16, 2009 (boomark / email).