Contact:
Hartgen
(703) 739-0800
NOVEMBER
CONSUMER BANKRUPTCY FILINGS INCREASE 28 PERCENT OVER PREVIOUS
YEAR
December 5, 2007,
Alexandria,
size='3'>Va.
size='3'>U.S.
size='3'>consumer bankruptcy filings increased more than 28 percent
nationwide in November from the previous year, according to the American
Bankruptcy Institute (
according to data from the National Bankruptcy Research Center (NBKRC),
the overall November consumer filing total of 71,799 represented a 5.5
percent decrease from the 75,975 filings in October. Chapter 13 filings
constituted 39.53 percent of all consumer cases in November, a slight
increase over October.
“Consumer
bankruptcy filings remain elevated this year,” said
size='3'>ABI
Samuel J. Gerdano. “High household debt and the fallout from
rising mortgage costs could contribute to a surge in bankruptcies in
2008.”
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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 11,500 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
face='Times New Roman' color='#0000ff'
size='3'>http://www.abiworld.org/conferences.html
face='Times New Roman' size='3'>.
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.