As reported by the American Bankruptcy Institute, there were a total of 819,240 bankruptcies filed in 2015 as compared to 910,397 bankruptcies filed in 2014.
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As reported by the American Bankruptcy Institute, total bankruptcy filings nationwide declined 11% through the first three quarters of 2015 as compared to 2014. Specifically, consumer filings declined 11%, and commercial filings declined 17%. As a reminder, the first three quarters of 2014 as compared to 2013 showed a 12% decline in consumer filings and a 22% decline in commercial filings.
As reported by the American Bankruptcy Institute, total bankruptcy filings nationwide declined 12% in 2014 as compared to the previous year. Specifically, consumer filings declined 11%, and commercial filings declined 21%.
Samuel J. Gerdano, Executive Director of the American Bankruptcy Institute, noted that total filings have declined for five consecutive years. He added that not since 2007 has there been less than one million total filings. As reported by the American Bankruptcy Institute, total bankruptcy filings nationwide declined 16% in October 2014 as compared to the previous year. Specifically, consumer filings declined 15%, and commercial filings declined 27%.
Samuel J. Gerdano, Executive Director of the American Bankruptcy Institute, cited lukewarm consumer spending, sustained low interest rates, and the high cost of filing as factors contributing to overall the decline in filings this year. As reported by the American Bankruptcy Institute, total bankruptcy filings nationwide declined 12% in October 2014 as compared to the previous year. Specifically, consumer filings declined 12%, and commercial filings declined 21%.
Samuel J. Gerdano, Executive Director of the American Bankruptcy Institute, noted that, in addition to bankruptcy filings, credit card defaults and foreclosures have all continued to decline as individuals and businesses shore up their balance sheets. |
AuthorsThis blog is maintained by: 
Spiros Avramidis
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