Bankruptcy Statistics

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Monthly Reports

Monthly Reports

Our monthly reports are the fastest, most accurate breakdown of what's happening in bankruptcy across America.

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We work with publications of every size on bankruptcy news stories, let us know if we can help you.

Latest News

Dow Jones Daily Bankruptcy Review

Law Firms Gird For Bankruptcy Work

As the credit crisis deepens, law firms across the country are betting that bankruptcy work will be their most-promising avenue of growth, and are accelerating their recruitment of restructuring specialists.

A survey of more than 300 attorneys from the country’s largest law firms found that a plurality — one out of every four — expects bankruptcy law to be the fastest area of growth in the next 12 months. That number exceeds the tally of attorneys who think litigation or corporate governance will be hot growth areas.
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Credit Slips

Why I Use AACER's Filing Statistics

Every month, I try to post on the latest bankruptcy filing statistics using data provided by a private company, Automated Access to Court Electronic Records (AACER). Recently, Jason Kilborn, a law professor at Chicago's John Marshall Law School, posted a comment asking why AACER's filing statistics were lower than the ones provided by the Administrative Office of U.S. Courts (AO). For example, AACER reported 826,665 bankruptcy filings in the 2007 calendar year, about 2.9% lower than the 850,912 filings reported by the AO.

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The Wall Street Examiner

Winter (Economic and Market) Watch

New Lee Adler, Aaron Krowne, and Russ Winter podcast is out. About 12 minutes of free preview is also available.

The Bear Stearns Senate hearings can be found here.

For newer readers or listeners there is a primer of my terms, and a general review of my approach in the Primer on Winterisms, here. This is always located in the side bar as a dictionary of sorts.

Also discussed was how the extreme unaffordabilty in one-third of the country is leading to big problems. New bankruptcy data suggests the trouble is accelerating.
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Minnesota Monitor

Minnesota by the numbers: Bankruptcies increase by 138.8 percent

Bob Lawless over at Credit Slips has an excellent post today about the nationwide increase in bankruptcy filings. According to data he compiled using the Automated Access to Court Electronic Records (AACER), March saw more than 4,000 filings a day, the largest number of filings since new bankruptcy laws -- ones that made filing more arduous -- went into effect in 2005.
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Bloomberg

U.S. Bankruptcy Filings on Track to Increase 37 Percent in 2007

Bankruptcy filings in the U.S. averaged 3,541 each business day in September and are on track to reach 807,000 for the year, a 37 percent increase over the 590,500 filings in 2006.

September had the "highest average daily filings in all of 2007 and the largest since'' an October 2005 federal bankruptcy law made it harder to eliminate debt, said Mike Bickford, president of Oklahoma City-based Jupiter eSource LLC's Automated Access to Court Electronic Records, or AACER, service.
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