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Bankruptcy Filings on the Rise

Even though bankruptcy filings are down for the 12-month period ending March 31 overall, the number is beginning to creep back upward.

By Staff Writer | Updated on July 10, 2007

WASHINGTON — Even though bankruptcy filings are down for the 12-month period ending March 31 overall, the number is beginning to creep back upward.

According to the Administrative Office of the U.S. Courts, 695,575 bankruptcy cases were filed in federal courts in the 12-month period ending March 31, 2007, compared to nearly 1.8 million for the previous corresponding 12-month period, which included the surge of filings leading up to the Oct. 17, 2005 effective date of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

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