Bankruptcy filings in the U.S. up by 23%

[Saguaro]

NEW YORK (CNN) -- Bankruptcy filings are up 23 percent among Americans from this time last year, according to statistics recently released by the American Bankruptcy Institute. The numbers also indicate an increase in Chapter 13 filings, which allow homeowners with a regular income to manage payments while preventing home foreclosures.

What's more, data from January to June of 2007 released by the Administrative Office of the U.S. Courts shows a 48 percent rise from figures for the same period in 2006 in all bankruptcy court districts. Total filings reached 404,090 during the first half of the calendar year of 2007; last year, that number was 272,604 for the same period in 2006.

ABI data also shows a steady increase in the percentage of bankruptcy filings made by individual consumers as opposed to businesses. In 1986, consumer filings made up about 84 percent of American bankruptcies. Today that number is nearly 97 percent.

http://www.cnn.com/2007/WORLD/europe/10/23/tuesday/index.html

[April15]

Don't these fools know the economy is doing great? I guess they just forgot to work or some democratic thing like that.

[Cookie Parker]

NEW YORK (CNN) -- Bankruptcy filings are up 23 percent among Americans from this time last year, according to statistics recently released by the American Bankruptcy Institute. The numbers also indicate an increase in Chapter 13 filings, which allow homeowners with a regular income to manage payments while preventing home foreclosures.

What's more, data from January to June of 2007 released by the Administrative Office of the U.S. Courts shows a 48 percent rise from figures for the same period in 2006 in all bankruptcy court districts. Total filings reached 404,090 during the first half of the calendar year of 2007; last year, that number was 272,604 for the same period in 2006.

ABI data also shows a steady increase in the percentage of bankruptcy filings made by individual consumers as opposed to businesses. In 1986, consumer filings made up about 84 percent of American bankruptcies. Today that number is nearly 97 percent.

http://www.cnn.com/2007/WORLD/europe/10/23/tuesday/index.html

Not at all surprising to see there are not that many business bankruptcies...Bush gives businesses YOUR tax dollars to keep them afloat..while throwing you the anchor to his sinking economic policy.