Non-business bankruptcies in Fiscal Year 2010 (ending September 30) totaled 1,538,033, up 14.4 percent from the 1,344,095 in the previous year. This is the highest number since FY 2005, immediately prior to implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act.
Overall, FY 2010 bankruptcies totaled 1,596,355, up 13.8 percent over total FY 2009 bankruptcy filings of 1,402,816. While non-business bankruptcy filings continued to rise in FY 2010, business bankruptcies were down 0.7 percent to 58,322, from 58,721 in the previous (fiscal) year.
Statistics are from the Administrative Office of the Courts. The bankruptcies reported here are for October 1, 2009 through September 30, 2010.
Thursday, January 6, 2011
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