The Administrative Office of the U.S. Courts has reported that bankruptcy filings increased by 38% in calendar year 2007 from the same 12-month period ending Dec. 31, 2006.
Bankruptcy Filings in Calendar Year 2007
The vast majority of petitions filed during 2007 were non-business cases; in fact 96.7% of all cases filed in 2007 were non-business. In calendar year 2007, there were 822,590 non-business cases filed, a 38% increase from the 597,965 non-business bankruptcy filings in 2006. By contrast, in 2005, non-business filings totaled 2,039,214.Here's the breakdown.
By
Law.com Staff
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