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Rate of National Bankruptcy Filings Now Over One Million a Year

Bankruptcy filings across the country have steadily risen to the point that more there are now more than one million bankruptcy filers per twelve-month period.

Written by Craig D. Robins, Esq.

A few weeks ago I wrote that bankruptcy filings across the country rose 31 percent in 2008.  (Bankruptcy Filings Surged in 2008 [1]).

The number of bankruptcies filed in the twelve-month period ending December 31, 2008, totaled 1,117,771, up from 850,912 bankruptcies filed in 2007.

Filings are now averaging well over one million per year.  Here we have a chart that shows how the numbers are steadily increasing.

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