Bankruptcies resume climbing, aided by tax refunds
Susan Ladika
Bankruptcy filings continued their upward march, nearing 379,000 for the first quarter of 2010, an increase of 17 percent from the first three months of last year.
Personal Bankruptcy Filings Up 15% Compared to April 2009
Calculated Risk
Filings totaled almost 146,000 in April, according to data compiled by Automated Access to Court Electronic Records, a service of Oklahoma City-based Jupiter ESources LLC. March filings were about 158,000.
This statistic is mind boggling! Federal courts reported 158,000 bankruptcy filings in March. That amounts to 6,900 per day and a rise of 35% from February, as stated by Aacer, a court electronic records data collection agency.
High unemployment and a weak residential real estate market caused a five-year high in personal bankruptcties in March, according to a report in the New York Times.
The Times information comes from a new report by data collection company Aacer.
More people are filing for bankruptcy than any time since the recession began. And some filers are deciding to walk away from their deeply underwater homes through bankruptcy. Kai Ryssdal talks to reporter Mitchell Hartman about what's behind the increase.
Bankruptcy filings continued their upward march, nearing 379,000 for the first quarter of 2010, an increase of 17 percent from the first three months of last year.
Filings totaled almost 146,000 in April, according to data compiled by Automated Access to Court Electronic Records, a service of Oklahoma City-based Jupiter ESources LLC. March filings were about 158,000.
This statistic is mind boggling! Federal courts reported 158,000 bankruptcy filings in March. That amounts to 6,900 per day and a rise of 35% from February, as stated by Aacer, a court electronic records data collection agency.
High unemployment and a weak residential real estate market caused a five-year high in personal bankruptcties in March, according to a report in the New York Times.
More people are filing for bankruptcy than any time since the recession began. And some filers are deciding to walk away from their deeply underwater homes through bankruptcy. Kai Ryssdal talks to reporter Mitchell Hartman about what's behind the increase.