U.S. consumer bankruptcy filings continue to increase, jumping 11% for the first nine months of year, the American Bankruptcy Institute reported Thursday.
For the period Jan. 1-Sept. 30, there were 1,165,172 filings nationwide compared to the 1,046,449 consumer filings in 2009 based on data from the National Bankruptcy Research Center.
"The consumer filings for the three quarters of 2010 represent the highest total since 2005, when Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act to try and stem the tide of filings," ABI said.
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