U.S. monthly consumer bankruptcy filings in October may top 100,000
based on current and historical trends. In September consumer bankruptcy
filings hit 88,863, nearly 29% higher than the year ago period.
September declined 8% from August, but that is the historical pattern.
Last October there were about 72,000 filings. This year consumers have
filed approximately 772,000 bankruptcy petitions. According to the
American Bankruptcy Institute, Chapter 13 filings constituted 33.5% of
all consumer cases in September, a slight increase from prior months.
During the second quarter total filings hit 276,510 compared to 245,695
for the first quarter and 210,449 one-year ago. According to the
Administrative Office of the U.S. Courts filings in the 12-month period
ending June 30th, neared the one million mark. The 967,831 bankruptcy
cases filed represent a 29% increase over the prior 12-month period. Of
the total filings 64% were Chapter 7 filings. Consumer filings for the
same 12-month period, totaled 934,009, up 28% from the 727,167
bankruptcies filed in the 12-month period ending June 30, 2007.
Jan 08: 66,050
Feb 08: 76,120
Mar 08: 86,165
Apr 08: 92,291
May 08: 91,214
Jun 08: 82,770
Jul 08: 94,124
Aug 08: 96,413
Sep 08: 88,663
Source: CardData (www.carddata.com)