Friday, August 12, 2011

Bankruptcy filings up in 2010 from 2009- No Suprise.

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires the director of the Administrative Office of the U.S. Courts to submit an annual report to Congress on certain bankruptcy statistics.

The report, which includes multiple charts and an interactive map, shows that more 1.5 million bankruptcy petitions were filed by individuals with predominately nonbusiness debt in 2010 – an increase of 9 percent over 2009.