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Thursday, 4th March 2010

Bankruptcy Filings Up In Calendar Year 2009

Bankruptcy Filings Up In Calendar Year 2009
Source: U.S. Courts

Bankruptcy filings in the federal courts rose 31.9 percent in calendar year 2009, according to data released today by the Administrative Office of the U.S. Courts. The number of bankruptcies filed in the twelve-month period ending December 31, 2009, totaled 1,473,675, up from 1,117,641 bankruptcies filed in CY 2008.

Filings have grown steadily since CY 2006, when bankruptcy filings totaled 617,660, in the first full 12-month period after the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) took effect. An historic high in the number of bankruptcy filings was seen in CY 2005, when over 2 million bankruptcies were filed just before BAPCPA took effect.

Statistics released today include business and non-business filings for the 12-month period ending December 31, 2009 (Table F-2, 12-month); a comparison of December 2008 and 2009 filings (Table F), 3rd quarter filings (Table F-2, 3-month); monthly filings for the 12-month period ending December 31, 2009 (Table F-2, Monthly); and filings per capita.

Tables in xls and pdf


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