Bankruptcy Filings On The Rise
Thursday, June 11th, 2009Statistics from the U.S. Bankruptcy Courts shows that bankruptcy filings are continuing to rise in the first quarter of 2009.
The court’s records show that 330,477 bankruptcy cases were filed in the first quarter, the highest number since December 2005 which included the large number of filings leading up to changes in bankruptcy law.
The report shows that over one third of the cases, 134,282, were filed in March. With the economy still fighting its way to recovery, experts predict that the number of bankruptcy cases filed will continue to rise.