[mEDITate-OR:
wonder if this is good news or more bad news...
The 136,142 consumer bankruptcies filed in May represented a 9 percent increase nationwide over the 124,838 filings recorded in May 2009
the May consumer filings represented a 6 percent decrease from the 144,490 consumer filings recorded in April 2010.
Actually, it is both.
The "moving average" or quarterly numbers are much worse.
However, the Mo2Mo numbers are down.
This might be the start of a decline, or it might be April was just a surge of post-Christmas filings.
Disirregardless, this looks like this year will be higher than the pre-BK change levels.
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Wednesday, June 02, 2010
This graph shows the non-business bankruptcy filings by quarter using monthly data from the ABI and previous quarterly data fromUSCourts.gov.
Based on the comment from Gerdano, it appears the ABI has increased their forecast to over 1.6 million filings this year from their earlier forecast of just over 1.5 million filings this year.
Excluding 2005, when the so-called "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" was enacted (really a pro-lender act), the record was in 2003 when 1.62 million personal bankruptcies were filed. This year will be close to that level.
Based on the comment from Gerdano, it appears the ABI has increased their forecast to over 1.6 million filings this year from their earlier forecast of just over 1.5 million filings this year.
Excluding 2005, when the so-called "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" was enacted (really a pro-lender act), the record was in 2003 when 1.62 million personal bankruptcies were filed. This year will be close to that level.
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Really it is true...Due to financial crisis, it all happens...Declaring Personal Bankruptcy
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