Payment Card News

Feb Bankruptcy

540 0

Consumer bankruptcy filings during February fell 17% over year-ago levels. Over the past year, bankruptcy is tracking nearly 4% below 2003 levels, ironically at a time when bankruptcy reform will likely be on the President’s desk later this month. During February, 103,457 consumer Chapter 7 and 11 filings were made, compared to 124,719 for February 2004. During the fourth quarter, there were 364,313 consumer bankruptcy filings, compared to 393,348 for 4Q/03. Year-to-date bankruptcy filings were 1,552,967 through December 2004. The decline for full-year 2004 is the first drop in consumer bankruptcy filings since full-year 2000.

table{margin-left: auto; margin-right: auto;}.
|_2. Monthly Filings Historical |
|_. 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 |
|_. Dec 04:| 113,957 |
|_. Jan 05:| 99,705 |
|_. Feb 05:| 103,457 |
|_2. Source: CardData (www.carddata.com) |

Leave A Reply