Bankruptcy filings may hit 1.4 million by the end of the year

Posted on August 12, 2009. Filed under: Uncategorized |

Interesting statistical news from USA Today and Bloomberg News.  I had predicted that bankruptcy filings would hit 1.5 million by the end of 2009:

By Linda Sandler and Andrew M. Harris Bloomberg News (from USA Today)

Personal bankruptcies show no sign of abating after rising more than a third this year and may hit 1.4 million by Dec. 31 as jobs are lost and loans are harder to get, according to the American Bankruptcy Institute.More than 126,000 consumers filed for bankruptcy in the U.S. last month, 34% more than in July 2008, the ABI said in its latest report. The increase came after a 36.5% rise in personal bankruptcies in the first six months, to 675,351, according to the ABI research group, which interprets data collected by the National Bankruptcy Research Center… (see full story at link below)

http://www.usatoday.com/money/perfi/2009-08-11-bankruptcy-filings-up_N.htm?POE=click-refer

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One Response to “Bankruptcy filings may hit 1.4 million by the end of the year”

RSS Feed for Kentucky Bankruptcy Attorney – Call Toll Free Today 1-888-651-9353 or 270-651-7777 Comments RSS Feed

Pretty cool post. I just came by your blog and wanted to say that I have really enjoyed browsing your posts.

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