WASHINGTON-In the 12 months leading up to March 31, 2005, bankruptcy filings were down 3.9% compared to the same period ending in 2004. According to the Administrative Office of the U.S. Courts, the period ending March 31, 2005 saw 1,590,975 cases, while the earlier 12-month period saw 1,654,847 bankruptcy filings. In fact, it is below the 2003 level of 1,611,268. Both personal and business filings saw declines. Non-business filings were down 3.6% during the same time frame and business filings fell 13.1%. However, the number of bankruptcies filed during the second quarter of the Judiciary's fiscal year 2005 (January 1, 2005-March 31, 2005) was 401,149, up 7.9% from the first quarter (October 1- December 31, 2004).
Bankruptcy Filings Down in 12-Month Period Ending in March
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!