Statistics: Total Bankruptcy Cases Filed Fall to Lowest in Nearly Five Years
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