Payment Card News

Q1 Bankruptcy

537 0

During the first three months of this year, there were 407,572 consumer and business bankruptcy filings, which was down slightly from 1Q/03’s 412,968 filings. However, year-to-date consumer and business bankruptcy filings were up 2.7%. Consumer bankruptcy filings continue to stay above the 1.6 million annual level, following a record of 1.66 million filed for the year ending September 30, 2003. According to the Administrative Office of the U.S. Courts, a record number of filings took place in the quarter ending June 30, 2003, when 440,257 filings were made. During the 12-month period ending March 31, 2004, Americans filed 1,176,654 Chapter 7 petitions, and 465,878 Chapter 13 petitions. For the first quarter, a total of 290,689 Chapter 7 filings and 112,101 Chapter 13 filings were made.

table{margin-left: auto; margin-right: auto;}.
|_2. CHAPTER 7 FILINGS |
|_2. (Years Ended March 31) |
|_. 1999:| 1,017,049 |
|_. 2000:| 908,802 |
|_. 2001:| 904,397 |
|_. 2002:| 1,059,777 |
|_. 2003:| 1,135,436 |
|_. 2004:| 1,176,654 |

Leave A Reply

FREE MONEY SAVING TIPS!
Your Information will never be shared with any third party.