Consumer Bankruptcy Filings Increase 11%

Posted By on October 4, 2010

 Recovery, what recovery!

U.S. consumer bankruptcy filings rose 11% in the first nine months of this year, versus the same period in 2009, the American Bankruptcy Institute said Monday, according to data from the National Bankruptcy Research Center. Filings totaled 1,165,172 nationwide during the first nine months of 2010, compared to 1,046,449 total consumer filings a year ago. The bankruptcy filings  in 2010 represent the highest total since 2005. Consumer bankruptcies totalled 130,329 in September and that was up 3.3% from August 2010.

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