Total Bankruptcy

Consumers are increasingly filing bankruptcy, according to recently released data from the National Bankruptcy Research Center.

Nationwide, personal bankruptcies were up 28.6 percent this September over the same time a year ago. However, there is some good news: personal bankruptcy filings were down 8 percent from the previous month.

Chapter 13 bankruptcy filings represented 33.5 percent of all the consumer cases in September.

Unfortunately, with the dragging economy, this news isn’t so surprising.

Check out Total Bankruptcy’s article Bankruptcy Filers in 2007 for more information on bankruptcy trends.