Bankruptcy Filings Plunge in Calendar Year 2006
Source: Administrative Office of the U.S. Courts

Bankruptcy filings in the federal courts dropped 70 percent in calendar year 2006, according to data released today by the Administrative Office of the U.S. Courts. However, bankruptcies filed for the last three months of calendar year 2006 were the highest of any quarter in the calendar year. The statistics cover the first full 12-month period in which the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) has been in effect.

Bankruptcies filed in the twelve-month period ending December 31, 2006, totaled 617,660. This is the lowest bankruptcy filings have fallen since calendar year 1988, when 613,465 bankruptcies were filed. By comparison, in the 12-month period ending December 31, 2005, a total of 2,078,415 bankruptcies were filed, for the largest number of bankruptcy petitions ever filed in any 12-month period in the history of the federal courts.

+ Table F-2 (Filing by Month) (xls)
+ Table F (12-Month Period) (xls)
+ Table F-2 (12-Month Period) (xls)
+ Table F-2 (3-Month Period) (xls)

This entry was posted on Monday, April 16th, 2007 at 5:00 pm and is filed under Business and economics, Consumer issues, Legal and law enforcement. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.