The Administrative Office of the U.S. Courts reports that the number of consumer bankruptcies filed during the first six months of this year increased 28.8 percent over the same period in 2007.
This year there were 503,749 filings between January 1 and June 30, compared to the 391,105 filings during the first half of 2007.
Business bankruptcy filings were also up—and up high. More than 18,456 businesses turned to filing bankruptcy, a 42.1 percent increase over the first six months of 2007, which topped at 12,985.
The total number of U.S. bankruptcies filed during the first half of 2008 increased 29.2 percent (522,205) over the same period in 2007 (404,090).
Related Bankruptcy and Foreclosure Article:
Foreclosure Today: Who’s Been Hit the Hardest?
Tags: bankruptcies, filing bankruptcy
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