Read this:
The American Bankruptcy Institute said that consumer bankruptcy filings in the first half of 2009 are higher than at any point since bankruptcy reform in 2005, and are on pace to hit levels seen before the legislation passed.
And this:
If the current pace continues, more than 1.3 million consumer bankruptcies will be filed this year, [...]
According to the article below,
U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors.
Read the rest here:
http://www.reuters.com/article/new
Seems that Tennessee is still seeing a lot of bankruptcies…However, this article mentions that bankruptcies last quarter were record(since 2005) setting nationally too:
Similar increases have been seen across the country. Between July 1 and Sept. 30 this year, 292,291 people filed for bankruptcy in the United States, representing the largest number of filings in a [...]
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Also tagged chapter 7, chapter 7 discharge, chapter seven bankruptcy, consumer bankruptcy, cost of bankruptcy, federal bankruptcy rules, file chapter 7, how do i file for bankruptcy, how to file for chapter 7 bankruptcy, quarter, stats, Tennessee, what happens when you file for bankruptcy, when to file bankruptcy
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Saturday, November 22, 2008
We’ve previously reported on this, but MSN weighs in on bankruptcy rates increasing nationally-
October filings of 880,000 have eclipsed filings for entire year of 2007
http://www.msnbc.msn.com/id/27684203/
There’s still 2 months left…will 2008 be a record?
Friday, November 21, 2008
October apparently saw a larger number of people file for bankruptcy as compared 2007….40% is not surprising….when will the records stop?
U.S. consumers filed some 106,266 bankruptcies in October, up 40 percent from a year ago and up 20 percent from September.
http://www.guardian.co.uk/business/feedarticle/7985822
How many of these were Chapter 7 cases?
Probably most—see the lengthy Chapter 7 discussion on [...]