Last month, a total of 108,517 personal bankruptcies were filed nationwide. September’s personal bankruptcy filings were 4 percent lower than a month before and 17 percent lower than a year before.
Furthermore, the number of personal bankruptcies filed in the U.S. from the beginning of the year through September was 10 percent lower than the number of personal bankruptcies filed in the same time period last year.
70 percent of personal bankruptcies filed in September were Chapter 7 filings and 30 percent were Chapter 13 bankruptcies.
Data comes from the American Bankruptcy Institute and National Bankruptcy Research Center. Samuel Gerdano, executive director of the ABI, says, “Total consumer filings for 2011 will be less than 2010.”
Contact the Birmingham personal bankruptcy attorneys of Greenway Bankruptcy Law, LLC at (205) 324-4000, if you or someone you know has questions about filing for personal bankruptcy in Birmingham.