About Me
“ Craig D. Robins, Esq., has been a practicing Long Island bankruptcy attorney for over twenty-four years ”
Written by Craig D. Robins, Esq.
Individual Bankruptcy filings have continued to increase this year, bringing the filings for those overwhelmed by consumer debt to new highs since the bankruptcy laws were overhauled in 2005.
Nationally, the 135,913 consumer bankruptcy filings in October represented a 27.9 percent increase over last October’s monthly total of 106,266.
The above graph, courtesy of the Calculated Risk Blog, shows consumer filings on a quarterly basis going back to 1996. We are now approaching the levels seen just prior to when the bankruptcy laws were changed in October 2005.
The filings have increased virtually every single quarter since 2006. I previously wrote about Bankruptcy Filings Returning to Pre-Amendment Levels .
Through October, there have been 1.18 million personal bankruptcy filings in the U.S.
Related posts:
- Bankruptcy Filings Returning to Pre-Amendment Levels Written by Craig D. Robins, Esq. Last month,...
- National Bankruptcy Filings See Major Increase Written by Craig D. Robins, Esq. Even though some...
- It’s No Wonder Bankruptcy Filings Are Skyrocketing Written by Craig D. Robins, Esq. I...
- Is the Stock Market a Barometer for Consumer Bankruptcy Filings? Written by Craig D. Robins, Esq. After reading a...
- Rate of National Bankruptcy Filings Now Over One Million a Year Written by Craig D. Robins, Esq. A few weeks...
