First Quarter Consumer Bankruptcy Filings Fall 6 Percent from 2010

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The March 2018 annual bankruptcy filings totaled 779,828, compared with 794,492 cases in the previous year, according to statistics released by the Administrative Office of the U.S. Courts. A national wave of bankruptcies that began in 2008 reached a peak in the year ending September 2010, when nearly 1.6 million bankruptcies were filed.

Bankruptcy filings fall 6%. The number of filings in the first three months of 2011 dropped to 340,012, down from 363,215 filings recorded in the first quarter of 2010, according to data from the American Bankruptcy Institute and the National Bankruptcy Research Center. "Though bankruptcy filings are still elevated,

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Chapter 11 usually makes it to the news when large corporations fall into. In 2010, for example, close to 14,000 Chapter 11 cases were filed in the United States.. A Chapter 11 case begins with the filing of a petition in bankruptcy court. it will be able to raise sufficient revenues over the plan term to cover its expenses,

During the first quarter of 2012 experts’ predictions that there would be fewer consumers filing for bankruptcy were proved right. According to the latest data from Fitch Ratings, bankruptcy filings in the first quarter have fallen between 8 and 10 percent compared to the same period in 2011, although it has been predicted that this will level out in coming months.

The total filings in the 2011 first quarter also represent a 1 percent decrease from the 370,080 bankruptcies filed during the fourth quarter of 2010 (Oct. 1 Dec. 31). ‘The drop in bankruptcy filings demonstrates the continued effort of both consumers and businesses to decrease their debt loads and shore up their finances,’ said Samuel J. Gerdano, ABI Executive Director.

June 2016 Bankruptcy Filings Down 6.9 Percent Published on July 27, 2016 Bankruptcy filings fell 6.9 percent for the 12-month period ending June 30, 2016, compared with the year ending June 30, 2015, according to statistics released by the Administrative Office of the U.S. Courts.

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Average consumer debt for Tenth District residents, defined as all outstanding debt other than first mortgages and presented as a four-quarter moving average, rose from an inflation-adjusted $17,239 in the first quarter of 2017 to $17,346 in the third quarter, an increase of 0.6 percent (Chart 1). 1 inflation-adjusted consumer debt for the United States rose from $18,067 to $18,171, also up.