Bankruptcies Continue to Mount
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
Alexandria, Va. — U.S. consumer bankruptcy filings increased again by double-digits in January over the same month in 2008.
More specifically, filings jumped by 34.4 percent nationwide in January from the same period a year ago, according to the American Bankruptcy Institute, which relies on data from the National Bankruptcy Research Center.
The overall January consumer filing total of 88,773 represented a slight increase from the December total of 84,926. Chapter 13 filings constituted 32.8 percent of all consumer cases in January, a slight increase from December.
"U.S. households are under great financial stress today; for many, bankruptcy seems to be their best option," said Samuel Gerdano, ABI Executive Director. "We expect more than 1.4 million new cases filed in 2009."
