There were 1.3 million bankruptcy filings in the year that ended on June 30, a 35% increase over the previous year's total of 967,831, the Administrative Office of U.S. Courts reported today.
Of those filings, 1.2 million were nonbusiness and 55,000 were business, compared with 934,009 nonbusiness and 33,822 filings during the year ending June 30, 2008.
There were 907,603 Chapter 7 filings, a 47% increase from the previous 12 months. Chapter 11 filings totaled 13,951, a 91% increase from the previous year. There were 422 Chapter 12 filings, a 34% increase over the previous 12 months. Chapter 13 filings totaled 384,187, a 12% increase from the previous year.
There were 381,073 bankruptcy filings in the quarter ending June 30, compared with 330,477 for the quarter ending March 31 and 276,510 for the quarter ending June 30, 2008.
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