Posts Tagged ‘bankruptcy filings’

May bankruptcy filings: over 6,000 per day

June 6, 2009

“According to data from Automated Access to Court Electronic Records (“AACER”), there were over 120,000 U.S. bankruptcy filings in May 2009 or 6,020 for each of the 20 business days in May. That is the first time daily bankruptcy filings have topped the 6,000 mark since the 2005 bankruptcy law was adopted.”

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Business bankruptcies up 23% in March

April 7, 2009

“The number of businesses seeking bankruptcy protection hit its highest level in more than two years in March, as the recession sends¬†¬† more companies into financial crisis.

The 7,843 commercial bankruptcy filings last month represent a 23.2% jump from the 6,365 filings in February. It’s also the highest monthly total of business filings since at least 2006, according to Automated Access to Court Electronic Records, or AACER.”

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Bankruptcy filings increasing rapidly

April 3, 2009

While the increase in filings from February to March 2009 is only 9%, according Creditslips, this is deceptive because if this rate were annualized, it would mean a nearly tripling in filings up to 280% increase in 2009.

Posting from Creditslips

More than 1 million bankruptcy filings projected

December 6, 2008

For comparison in 2006 there were less than 600,000 filings and last year slightly over 800,000.

California has seen the number of bankruptcies in 2008 skyrocket 81% over 2007.

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