The total federal bankruptcy filings jumped up by 30 percent for the 12-month period ending Sept. 30, with business filings climbing by 49 percent in the same period, according to the Administrative Office of the U.S. Courts. The annual figures released on Monday may not bode well for the coming year, with the fourth quarter numbers showing a 34 percent rise in that quarter alone.
Federal Bankruptcy Filings Surge by 30 Percent; Business Filings Up by 49 Percent
The National Law Journal
December 17, 2008