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: Bankruptcy Law NetworkBankruptcy FIlings Up 31.9% in 2009
By Brett Weiss, Maryland Bankruptcy Attorney
According to statistics released by the Administrative Office of the U.S. Courts, bankruptcy filings increased 31.9% in 2009, increasing from 1,117,641 in 2008 to 1,473,675 in 2009.
Business filings for 2009 were up 40%, from 43,533 in 2008 to 60,837.
Non-business filings were up 32%, from 1,074,108 in 2008 to 1,412,838.
Chapter 7 filings totaled 1,050,832, up 41% from 744,364 in 2008.
Chapter 11 filings increased 50%: 15,189, up from 10,147 in 2008.
Chapter 13 filings totaled 406,962, up 12% from 362,705 in 2008.
Full post as published by Bankruptcy Law Network on March 10, 2010 (boomark / email).
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