Bankruptcy statistics from the first six months of 2010 reveal that bankruptcy filings are the highest they have been since 2005. Filings increased to 770,117 nationwide- an increase of 14 percent from the first six months of 2009. The number of filings in June 2010 was 8 percent higher than the number in June 2009. This is the largest number of bankruptcy filings since the Bankruptcy Abuse Prevention and Consumer Protection Act were created in 2005.
However, over the past six months, bankruptcy filing have fallen month-to-month. Bankruptcy filings in June were down 7 percent from May, showing a decrease in filings for the third consecutive month in a row.
Experts estimate 1.6 million bankruptcy filings by the end of the year.
If you or someone you know is considering filing for bankruptcy protection, contact the Milwaukee personal bankruptcy lawyers of DeLadurantey Law Office, LLC at 414-377-0518 to learn more about your rights.