Kentucky personal bankruptcy filings decreased by close to two-thirds for the first six months of 2006 compared to the same period in 2005. The Federal bankruptcy courts processed 5,231 Kentucky bankruptcy cases in January through June, in contrast to 15,449 last year.
Kentucky bankruptcy attorneys speculate the decline is due to the escalation in Kentucky bankruptcy filings that took place last October before the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 took effect.
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