Payment Card News

Bankruptcy Nov

619 0

Bankruptcy filings during November declined more than 11% over year ago levels. Overall, bankruptcy filings are down more than 4% year-to-date. During November, 116,952 filings were made compared to 131,921 for November 2003. Year-to-date bankruptcy filings were 1.4 million. During the 12-month period ending September 30th, there were 1,618,987 bankruptcies filed, down from the 1,661,996 bankruptcy cases filed in fiscal year 2003. During the third quarter, there were 396,438 consumer and business bankruptcy filings, a decline of more than 4% over 3Q/03, and down nearly 6% from the previous quarter. The decline for the first nine months of this year is the first drop in consumer bankruptcy filings since 2000.

table{margin-left: auto; margin-right: auto;}.
|_2. Monthly Filings Historical |
|_. Nov 03: | 131,921 |
|_. Dec 03: | 113,383 |
|_. Jan 04: | 114,737 |
|_. Feb 04: | 124,719 |
|_. Mar 04: | 152,567 |
|_. Apr 04: | 145,543 |
|_. May 04: | 136,509 |
|_. Jun 04: | 127,742 |
|_. Jul 04: | 133,390 |
|_. Aug 04: | 125,783 |
|_. Sep 04: | 127,664 |
|_. Oct 04: | 133,404 |
|_. Nov 04: | 116,952 |
|_2. Source: CardData (www.carddata.com) |

Leave A Reply