Contact: John Hartgen
APRIL CONSUMER BANKRUPTCY FILINGS UP 15 PERCENT
OVER LAST YEAR
May 3, 2010, Alexandria, Va.— The 144,490 consumer
bankruptcies filed in April represented a 15 percent increase nationwide
over the 125,618 filings recorded in April 2009, according to the
American Bankruptcy Institute (ABI), relying on data from the National
Bankruptcy Research Center (NBKRC). NBKRC’s data also showed that
the April consumer filings represented a 3 percent decrease from the
149,268 consumer filings recorded in March 2010. Chapter 13
filings constituted 25 percent of all consumer cases in April, remaining
unchanged from March.
“As Congress continues to consider measures to protect and
assist consumers, bankruptcy is still the last resort for families
coping with unemployment and increasing debt loads,” said ABI
Executive Director Samuel J. Gerdano. “Consumer filings this year
will likely surpass 1.5 million filings.”
ABI is the largest multi-disciplinary, nonpartisan organization
dedicated to research and education on matters related to insolvency.
ABI was founded in 1982 to provide Congress and the public with unbiased
analysis of bankruptcy issues. The ABI membership includes more than
12,600 attorneys, accountants, bankers, judges, professors, lenders,
turnaround specialists and other bankruptcy professionals, providing a
forum for the exchange of ideas and information. For additional
information on ABI, visit www.abiworld.org. For additional
conference information, visit http://www.abiworld.org/conferences.html.
NBKRC is an online research center that offers subscribers access to
up-to-date research and statistics on bankruptcy filings. The database
contains complete information dating back to 1995. For more information
on NBKRC, please visit http://www.nbkrc.com.