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2Q personal bankruptcies up 3.9
WASHINGTON (8/8/11)--The amount of personal bankruptcy filings increased by 3.9% during the second quarter of 2011, the U.S. Court’s administrative office has reported. Moody's Economy.com said that the second quarter personal filing increase is “consistent with seasonal norms” and noted that those filings “have not fallen in any second quarter since 1992.” Personal bankruptcy filings fell by 0.9% during the first quarter of 2011, but rose by 9.1% in the second quarter of 2010. Just over 1.47 million of the nearly 1.53 million bankruptcy petitions filed in the 12 months leading up to June 30 were personal filings. The June 30 total represents a 2.7% drop from the 1.57 million filings that were received during the previous year. The administrative office noted that this drop was not universal, as bankruptcy filings increased in 19 of 94 court districts, with the largest increases over the past year coming in southern Florida, as well as portions of Utah and California. Chapter 7 and Chapter 11 filings both fell during the year ended June 30. News Now last week reported that U.S. consumer bankruptcy filings decreased 18% nationwide between July 2010 and July 2011, representing the seventh consecutive month for which there were fewer bankruptcies in 2011 than during the previous year. For more details and News Now's prior coverage, use the resource links.
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