Home > Economy, Trends > 2010 Bankruptcy Filings Up 9%

2010 Bankruptcy Filings Up 9%

January 4, 2011

No surprise here. Everyday Americans are struggling and the bankruptcy numbers bear this out. While economists stated the recession was over in June 2009 (that’s a laugh), the bankruptcy filings rose:

WSJ Reported today:

The number of Americans filing for personal bankruptcy topped 1.5 million last year, as high long-term jobless rates and depressed home prices drove more households to seek court protection.

Personal bankruptcies rose to 1.53 million, up 9% from 2009, the highest level since a revamp of the law took effect in 2005, according to the American Bankruptcy Institute, an association of attorneys and other bankruptcy professionals, and the National Bankruptcy Research Center.

Entire article, click here

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Categories: Economy, Trends
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