Californians Filed 117,622 Bankruptcies in the California Bankruptcy Courts During the Last Twelve Months
The number of people filing for a California bankruptcy is nearly 8% of the total number of bankruptcies filed in the entire United States. Californians have learned that the new bankruptcy laws enacted in the fall of 2005 do not necessarily limit their ability to file a California bankruptcy.
The statistics show that California bankruptcy cases will likely continue to increase as more and more consumers learn about the benefits of bankruptcy and discover that they're still eligible to file.