Bob Lawless at the Credit Slips blog made an interesting analysis this week based on a comparison of February bankruptcy filings to January bankruptcy filings. At first glance, the increase in filings from January to February appears to be fairly small but, as Lawless points out, there were three more business days in January than there were in February. On a filings-per-business-day basis, the February figures reflect an increase of more than 17 percent over January.
Lawless goes on to crunch some other numbers and predict an approximate 30 percent increase in filings in 2007 over 2006--and the estimate is based on some very conservative assumptions. The original post is worth a read.
Tags: bankruptcy, bankruptcy filing statistics, bankruptcy filings, bankruptcy statistics
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