06 Jul 2009 Bankruptcy Filings Up
According to a July 2, 2009 Bloomberg report, there were 675,351 consumer bankruptcy filings in the first half of 2009, a 36.5 percent increase over 2008 numbers. June consumer filings totaled 116,365, up 40.6 percent from the same period in 2008. The monthly rate of consumer filings slowed, however, declining by 6.8 percent from May 2009.
Numbers are expected to increase, with 1.4 million new bankruptcy filings by year end.
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