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 ).
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.