Consumer Payment Card News

Bankruptcy Pulse

Consumer bankruptcy filings in February rose to 76,000 compared to 66,000 in the prior month. Chapter 13 filings made up about 46% of all consumer cases, down slightly from last month. According to data provided by the National Bankruptcy Research Center and Lindquist Consulting, consumer bankruptcies hit 66,400 in December compared to 69,000 in September and 61,000 in March. Cumulatively, the 2007 bankruptcy filings totaled 802,000, a 40.5% increase from 2006.

              CONSUMER FILINGS
               Feb 07: 55,000
               Mar 07: 61,000
               Apr 07: 62,000
               May 07: 70,000
               Jun 07: 69,000
               Jul 07: 64,000
               Aug 07: 75,000
               Sep 07: 69,000
               Oct 07: 72,000
               Nov 07: 77,000
               Dec 07: 74,000
               Jan 08: 66,000
               Feb 08: 77,000
    Source: National Bankruptcy Research
       Center/Lindquist Consulting

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