Consumer Bankruptcy Filings Increase 9 Percent in 2010
U.S. consumer bankruptcies increased 9 percent nationwide in 2010 from the previous year, according to the American Bankruptcy Institute (ABI).
U.S. consumer bankruptcies increased 9 percent nationwide in 2010 from the previous year, according to the American Bankruptcy Institute (ABI).
Contrary to popular belief, there is a market for customers going through a bankruptcy. The Special Finance Coach provides marketing tips, plus a couple of lenders that can help.
The 102,254 consumer bankruptcies filed in January represented a 10 percent decrease nationwide from the 113,274 consumer filings recorded in December, according to the American Bankruptcy Institute (ABI) and based on data from the National Bankruptcy Research Center (NBKRC).
The 135,913 consumer bankruptcy filings in October represented a 27.9 percent increase over last October's monthly total of 106,266, according to the American Bankruptcy Institute (ABI).
Consumer bankruptcies totaled 1,046,449 filings through the first nine months of 2009, making it the first time since the 2005 bankruptcy overhaul that filings have surged past the 1 million mark during the first three quarters of a year, according to the American Bankruptcy Institute (ABI).
The total number of consumer bankruptcy filings in August reached 119,874, a 24 percent increase from the year-ago period, according to the American Bankruptcy Institute.
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