Total Bankruptcy Cases Filed Fall to Lowest in Nearly Five Years
This news release includes several tables in XLS format.
Bankruptcy filings fell 9.3 percent during the 12-month period ending June 30, 2006. Bankruptcy cases filed in federal courts during that period totaled 1,484,570, down from the 1,637,254 bankruptcy cases filed for the 12-month period ending June 30, 2005. This is the lowest filings have fallen since the 12-month period ending September 2001. The drop in bankruptcy filings has occurred since the implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
Source: Administrative Office of the U.S. Courts
