The Administrative Office of the U.S. Courts reported that a new record high in bankruptcy filings was established for the 2002 calendar year.
Bankruptcy Filing Set New Record in Calendar Year 2002
The Administrative Office of the U.S. Courts reported that a new record high in bankruptcy filings was established for the 2002 calendar year. There were a total of 1,577,651 petitions filed during the 12-month period ending December 31, 2002, an increase of 5.7% from the previous year, when 1,492,129 petitions were filed. The previous record for filings in any 12-month period was recorded in the Judiciary's fiscal year 2002 (October 1, 2001-September 30, 2002) when 1,547,669 filings were reported.
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