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After cooling-off in November bankruptcy filings resumed an upward trend, rising 33% year-on-year in December. Overall consumer filing total for the 2009 calendar year topped 1.4 million, compared to the 1.1 million total consumer filings recorded during 2008. There were 113,274 consumer filings in December, according to the American Bankruptcy Institute, relying on data from the National Bankruptcy Research Center. Despite the drop in the previous month, the December filings represented a 1% increase over the 112,152 consumer filings in November. Chapter 13 filings constituted 28% of all consumer cases in November, unchanged from the October rate. Annual consumer filings have increased each year since the “Bankruptcy Abuse Prevention and Consumer Protection Act” was enacted in 2005. The ABI/NBKRC data showed that the overall consumer filing total for the 2009 calendar year (Jan. 1 â Dec. 31, 2009) reached 1,407,788 compared to the 1,064,927 total consumer filings recorded during 2008.

     BANKRUPTCY FILINGS
      Dec 08:    84,926
      Jan 09:    88,773
      Feb 09:    98,344
      Mar 09:   121,413
      Apr 09:   125,618
      May 09:   124,838
      Jun 09:   116,345
      Jul 09:   126,434
      Aug 09:   119,874
      Sep 09:   124,790
      Oct 09:   135,913
      Nov 09:   112,152
      Dec 09:   113,274
Source: ABI/NBKRC; CardData.com

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