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Personal business bankruptcy filings continue decline
MADISON, Wis. (8/6/12)--Filings for business and personal bankruptcies continued their year-over-year decline in the second quarter, according to information from U.S Bankruptcy Courts. Credit unions' experiences--regarding loan delinquencies and capital ratios--support this trend, per data from the Credit Union National Association (CUNA).

Overall bankruptcy filings for the 12 months ended June 30 totaled about 1.31 million petitions, which is 14% less than the roughly 1.53 million in the 12 months ended June 2011.

The majority of bankruptcy filings involve predominantly non-business debts. For the 12-month period ending June 30, non-business filings--where the debts are predominantly personal or consumer in nature--totaled about 1.27 million, down 14% from the roughly 1.47 million nonbusiness bankruptcies filed in the 12-month period ending June 30, 2011.

Personal bankruptcies decreased 14.2% from second quarter 2011. Business filings went down 15.7%.  For more information, use the link.

At credit unions, the loan delinquency rate as a percentage of total loans in June (the most recent month for which data are available) declined to 1.32% from a high of 1.60% in December, and a 1.58% level in June 2011, according to CUNA's June 2012 Monthly Credit Union Estimates (MCUE).

Credit unions' capital ratio has remained between 10% and 10.4% during the past year, and was 10.1% in June, the MCUE indicated.

To see the most recent credit union data in CUNA's June MCUE, use the link.
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