Press Release

Contact: John
Hartgen

(703) 739-0800

SEPTEMBER
CONSUMER BANKRUPTCY FILINGS INCREASE 23 PERCENT OVER PREVIOUS
YEAR

October 2, 2007,
Alexandria, Va
size='3'>.—
U.S.
size='3'>consumer bankruptcy filings increased nearly 23 percent
nationwide in September from the previous year, according to the
American Bankruptcy Institute (
face='Times New Roman' size='3'>ABI
size='3'>). Yet according to data from the National Bankruptcy Research
Center (NBKRC), the overall September consumer filing total of 68,926
represented a 7.6 percent decrease from the 74,607 filings in August.
Chapter 13 filings constituted 40 percent of all consumer cases in
September, a slight increase over the previous six months.
size='3'>

“Bankruptcy filings

are elevated from a year ago and likely to uptick further through the
end of the year,” said
face='Times New Roman' size='3'>ABI
size='3'>Executive Director Samuel J. Gerdano. “Continued
pressure on housing markets, combined with high consumer debt burdens,
will lead more households to consider bankruptcy as an option to their
financial problems.”

###

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
face='Times New Roman' size='3'>.

*Definitions from

Bankruptcy Overview: Issues, Law
and Policy, by the
American Bankruptcy Institute.

size='3'>Chapter 7 of the Bankruptcy Code

is available to both individual and business debtors. Its purpose is to
achieve a fair distribution to creditors of the debtor’s available

non-exempt property. Unsecured debts not reaffirmed are
discharged, providing a fresh financial
start.

size='3'>Chapter 11 of the Bankruptcy
Code is available for both business and consumer debtors. Its purpose is

to rehabilitate a business as a going concern or reorganize an
individual’s finances through a court-approved reorganization
plan.

size='3'>Chapter 12 of the Bankruptcy
Code is designed to give special debt relief to a family farmer with
regular income from farming.

size='3'>Chapter 13 of the Bankruptcy
Code is available for an individual with regular income whose debts do
not exceed specific amounts; it is typically used to budget some of the
debtor’s future earnings under a plan through which unsecured
creditors are paid in whole or in part.

Tuesday, October 2, 2007

Contact: John Hartgen

703-894-5935

href='mailto:jhartgen@abiworld.org'>jhartgen@abiworld.org

CONSUMER BANKRUPTCY FILINGS UP 11 PERCENT
THROUGH NINE MONTHS OF 2010

October 4, 2010, Alexandria, Va.— U.S. consumer
bankruptcy filings totaled 1,165,172 nationwide during the first nine
months of 2010 (Jan. 1-Sept. 30), an 11 percent increase over the
1,046,449 total consumer filings during the same period a year ago,
according to the American Bankruptcy Institute (ABI), relying on data
from the National Bankruptcy Research Center (NBKRC). The consumer
filings for the three-quarters of 2010 represent the highest total since

2005, when Congress enacted the Bankruptcy Abuse Prevention and Consumer

Protection Act (BAPCPA) to try and stem the tide of filings.

“While the 2005 bankruptcy overhaul law aimed to reduce filings,
overall consumer debt and continued financial stress have led to
consumer bankruptcies climbing back to pre-BAPCPA levels,” said
ABI Executive Director Samuel J. Gerdano. “We
expect that there will be nearly 1.6 million new bankruptcy filings by
year end.”

The overall September consumer filing total of 130,329 was 4.4 percent
more than the 124,790 consumer filings recorded in September 2009.
The September total also represented a 3.3 percent increase from the
August 2010 total of 127,028 consumer filings. Chapter 13 filings
constituted 30 percent of all consumer cases in September, a slight
increase from August.

###

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
href='http://www.abiworld.org/'>www.abiworld.org. For additional
conference information, visit

href='http://www.abiworld.org/conferences.html'>http://www.abiworld.org/conferences.html.

Monday, October 4, 2010 /sites/default/files/collier/2010/June/juneweek2.pdf /sites/default/files/collier/2010/June/juneweek2.pdf

Contact: John
Hartgen

(703) 739-0800

color='#0000ff'>jhartgen@abiworld.org

BANKRUPTCY
FILINGS DURING FIRST HALF OF 2006 FALL TO LOWEST LEVELS SINCE
1986

August 28,
2006,
size='3'>Alexandria,
w:st='on'>
size='3'>Va.—
size='3'>The total number of U.S. bankruptcies filed during the first
six months of 2006 were the lowest first-half calendar year filings on
record in 20 years, as filings for the period from Jan. 1 – June
30, 2006 fell to 272,604 from 868,482, the total number of filings for
the same period in 2005, according to data released today by the
Administrative Office of the U.S. Courts. When combined, the 2006
second-quarter (April
1 – June 30) bankruptcy filings total of 155,833 and the
first-quarter (Jan. 1 – March 31, 2006) filings total of 116, 771
represent the lowest number of calendar filings for the first six months
of a year since the first half of 1986, when bankruptcy filings totaled
258,311. The 2006 first-half filings also represent a 68.61 percent drop
in filings from the previous year’s first-half filings (Jan.
1-June 30, 2005), when 868,482 bankruptcies were filed. The 2006
second-quarter filings also represent a 66.65 percent drop compared with
the 467,333 total filings for the same three-month period ending June
30, 2005.

Total consumer filings for the
six-month period from Jan. 1 – June 30, 2006 were 263,660,
representing a 69.04 percent decrease from the same period in 2005, in
which consumer filings totaled 851,683. The 8,944 business filings from
Jan. 1 – June 30, 2006, represented a 46.76 percent decrease from
the same period the previous year, in which 16,799 business filings were
recorded.

Due in large part to the new
requirements of the Bankruptcy Abuse Protection and Consumer Protection
Act of 2005 (BAPCPA), the type of consumer bankruptcies filed in the
first half of 2006 shifted considerably from the first half of 2005.
Chapter 13 filings represented 41.15 percent of all consumer filings in
the six-month period ending June 30, 2006, up from 24.15 percent during
the same period of 2005. Conversely, the percentage of consumer chapter
7 filings fell to 58.76 percent of total consumer filings in the
six-month period ending June 30, 2006, from 75.81 percent in the first
calendar half of 2005.

The 1,484,570 total filings
during the 12-month period ending June 30, 2006, represent the lowest
number of filings in a 12-month period since the 12-month period ending
Sept. 30, 2001, when there were 1,437,354 filings. Total filings
decreased from the 1,794,795 filings reported for the 12-month period
ending March 31, 2006.

Nonbusiness filings for the
12-month period ending June 30, 2006, fell 9.46 percent to 1,453,008
from the 1,604,848 total nonbusiness filings in the 12-month period
ending June 30, 2005. The 31,562 total business filings for the 12-month
period ending June 30, 2006 represented a 2.6 percent decrease from the
32,406 bankruptcy petitions filed in the 12-month period ending June 30,
2005.

Chapter 13 filings fell 29.48
percent to 313,085 in the 12-month period ending June 30, 2006, from
443,945 in the same period last year. Chapter 11 filings also declined,
falling 7.15 percent to 6,224 in the 12-month period ending June 30,
2006, from 6,703 in 2005. Conversely, chapter 12 filings rose 24.14
percent from 290 in the 12-month period ending June 30, 2005, to 360 in
2006.

size='3'>BUSINESS FILINGS for the three-month
period ending June 30, 2006, totaled 4,858, down 44.39 percent from the
8,736 bankruptcy business cases filed in the same period in 2005.
NONBUSINESS FILINGS
for the three-month period ending June 30, 2006,
decreased 67.08 percent from 458,597 in the same period in 2005 to
150,975.

The chapter* breakdown
of BUSINESS
filings for the three-month period ending June 30, 2006,
is: 2,940 chapter 7s, 1,079 chapter 11s, 99 chapter 12s and 729 chapter
13s.

The chapter breakdown
of
size='3'>NONBUSINESS filings for the
three-month period ending June 30, 2006, is: 91,674 chapter 7s, 131
chapter 11s and 59,170 chapter 13s.

Districts with the Highest
Percentage INCREASE in Total Filings for the 12-month period ending June
30, 2006 (compared to the identical period in 2005):

District of Vermont:
11.86%
Northern District of Indiana:
10.63%
District of Alaska:
8.71%
size='3'>
District of the
Northern
Mariana Islands:
7.14%
District of Nevada:
5.98%

Districts with the Highest
Percentage DECREASE in Total Filings for the 12-month period ending June
30, 2006 (compared to the identical period in 2005):

Eastern District of Louisiana:
33.96%
District of Utah:
31.92%
Southern District of
Georgia: 29.88%
size='3'>
Southern District of
Alabama: 29.67%
Middle District
of
face='Times New Roman'
size='3'>Georgia:
28.79%

###

*Definitions from
Bankruptcy Overview: Issues, Law
and Policy, by the
American Bankruptcy Institute.

size='3'>Chapter 7 of the Bankruptcy Code
is available to both individual and business debtors. Its purpose is to
achieve a fair distribution to creditors of the debtor’s available
non-exempt property. Unsecured debts not reaffirmed are
discharged, providing a fresh financial
start.

size='3'>Chapter 11 of the Bankruptcy
Code is available for both business and consumer debtors. Its purpose is
to rehabilitate a business as a going concern or reorganize an
individual’s finances through a court-approved reorganization
plan.

size='3'>Chapter 12 of the Bankruptcy
Code is designed to give special debt relief to a family farmer with
regular income from farming.

Monday, August 28, 2006 /sites/default/files/LegislativeNews/106thCongress/106S684.pdf /sites/default/files/LegislativeNews/106thCongress/106S684.pdf

Contact: John
Hartgen

703-739-0800

href='mailto:jhartgen@abiworld.org'>jhartgen@abiworld.org

TOTAL
BANKRUPTCY FILINGS UP 34 PERCENT, BUSINESS FILINGS UP 61 PERCENT IN
THIRD QUARTER

size='3'>December 15, 2008 Alexandria, Va.—
size='3'>The 292,291 total U.S. bankruptcies filed during the third
quarter of 2008 (July 1 – Sept. 30) represented a 34 percent
increase over the 218,909 cases filed over the same period in 2007,
according to data released today by the Administrative Office of the
U.S. Courts. Total filings for the first nine months of 2008 (Jan. 1
– Sept. 30) were up 35 percent to 841,496, compared to the 622,999

filings during the same period in 2007.

“The dramatic spike

in both personal and business bankruptcies reflects an economy in
distress, with worried consumers over-extended and unable to supply the
spending typically needed to keep the national economy going,”
said ABI Executive Director
size='3'>Samuel J. Gerdano.

The 29,960 business
bankruptcies recorded during the first three quarters of 2008 (Jan. 1
– Sept. 30) have eclipsed the full year 2007 (Jan. 1- Dec. 31)
business filing total of 28,137. Business filings represented the
sharpest increase during the three-month period ending Sept. 30, 2008,
with 11,504 filings, up 61 percent over the 7,167 business filings in
2007. Chapter 11 business filings spiked to 2,485 during the third
quarter of 2008, an increase of 76 percent over the 1,410 filings during

the similar period in 2007. Chapter 7 business filings also increased to

7,927 during the three-month period ending Sept. 30, 2008, representing
a 65 percent increase over the 4,816 filings during the similar period
in 2007.

Consumer filings totaled
280,787 during the third quarter of 2008 (July 1-Sept. 30), representing

a 33 percent increase over the 211,742 filed during the same period of
2007. Consumer chapter 7 filings during the 2008 third quarter totaled
187,227, an increase of 47 percent over the 2007 third quarter total of
127,192. Chapter 13 consumer filings also increased during the
three-month period ending Sept. 30, 2008, with the 93,333 filings,
representing an 11 percent increase over the 84,376 filings during the
same period in 2007.

The 1,042,993 total filings for

the 12-month period ending Sept. 30 were up more than 30 percent from
the same period in 2007, which totaled 801,269. The bankruptcy filing
rate per thousand U.S. residents totaled 3.38 for all chapters during
the 12-month period ending Sept. 30, 2008, as 2.21 Americans per
thousand filed for chapter 7 while 1.15 per thousand filed for chapter
13 bankruptcy, all increases from the similar period a year ago.
Tennessee was the state with the highest per capita filing rate in the
country, with 7.27 residents per thousand filing in all chapters, and
also had the highest per capita filing rate for chapter 13 filings at
4.16. The state with the highest per capita filing rate for chapter 7
bankruptcy was Nevada at 4.30 per thousand for the 12-month period ended

Sept. 30, 2008.

Nonbusiness filings for the
12-month period ending Sept. 30, 2008, totaled 1,004,342, an increase of

30 percent from the 775,344 total nonbusiness filings calculated over
the same period in 2007. Business filings for the 12-month period ending

Sept. 30, 2008, totaled 38,651, up 49 percent from the 25,925 bankruptcy

petitions filed in the 12-month period ending Sept. 30, 2007.

The 679,982 total chapter 7
filings for the 12-month period ending Sept. 30, 2008, represent a 40
percent increase from the 484,162 filings from the same period in 2007.
Chapter 11 filings also increased, rising 49 percent to 8,799 in 2008
from 5,888 in 2007. Total chapter 13 filings increased 14 percent to
353,828 in the 12-month period ending Sept. 30, 2008, from 310,802 in
the same period last year. Chapter 12 filings, however, decreased 8
percent from 361 in 2007 to 332.

size='3'>BUSINESS FILINGS for the 3-month
period ending Sept. 30, 2008, totaled 11,504, up 61 percent from the
7,167 bankruptcy business cases filed in the same period in 2007.

NON-BUSINESS FILINGS

for the 3-month period ending Sept. 30, 2008, increased
33 percent from 211,742 in 2007 to 280,787 in 2008.

The chapter* breakdown
of BUSINESS
filings for the 3-month period ending Sept. 30, 2008, is:

7,927 chapter 7s, 2,485 chapter 11s, 89 chapter 12s and 983 chapter
13s.

The chapter breakdown
of
size='3'>NON-BUSINESS filings for the 3-month
period ending Sept. 30, 2008, is: 187,227 chapter 7s, 227 chapter 11s
and 93,333 chapter 13s.

###

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'>.

size='3'>*Definitions from Bankruptcy Overview: Issues, Law and Policy,
by the American Bankruptcy Institute

Chapter
7 of the Bankruptcy Code is available to
both individual and business debtors. Its purpose is to achieve a fair
distribution to creditors of the debtor’s available non-exempt
property. Unsecured debts not reaffirmed are discharged, providing

a fresh financial start.

size='3'>Chapter 11 of the Bankruptcy
Code is available for both business and consumer debtors. Its purpose is

to rehabilitate a business as a going concern or reorganize an
individual’s finances through a court-approved reorganization
plan.

size='3'>Chapter 12 of the Bankruptcy
Code is designed to give special debt relief to a family farmer with
regular income from farming.

Monday, December 15, 2008

Contact: John Hartgen

(703) 894-5935

jhartgen@abiworld.org

MAY CONSUMER
BANKRUPTCY FILINGS UP 9 PERCENT FROM LAST YEAR; DOWN 6 PERCENT FROM
APRIL

June 2, 2010, Alexandria,
Va.— The 136,142 consumer bankruptcies filed in
May represented a 9 percent increase nationwide over the 124,838 filings

recorded in May 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 May consumer filings
represented a 6 percent decrease from the 144,490 consumer filings
recorded in April 2010. Chapter 13 filings constituted 26 percent of all

consumer cases in May, a slight increase from April.

“While consumer filings
dipped slightly from last month, housing debt and other financial
burdens weighing on consumers are still a cause for concern,” said

ABI Executive Director Samuel J. Gerdano. “Consumer filings

this year remain on track to top 1.6 million filings.”

###

face='Times New Roman'>.

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
size='3' face='Times New Roman'>http://www.nbkrc.com
size='3' face='Times New Roman'>.

*Definitions from

Bankruptcy Overview: Issues, Law
and Policy, by the
American Bankruptcy Institute.

Chapter
7 of the Bankruptcy Code is available to both individual and
business debtors. Its purpose is to achieve a fair distribution to
creditors of the debtor’s available non-exempt property.
Unsecured debts not reaffirmed are discharged, providing a fresh
financial start.

Chapter 11 of the
Bankruptcy Code is available for both business and consumer debtors. Its

purpose is to rehabilitate a business as a going concern or reorganize
an individual’s finances through a court-approved reorganization
plan.

Chapter 12 of the
Bankruptcy Code is designed to give special debt relief to a family
farmer with regular income from farming.

Chapter 13 of the
Bankruptcy Code is available for an individual with regular income whose

debts do not exceed specific amounts; it is typically used to budget
some of the debtor’s future earnings under a plan through which
unsecured creditors are paid in whole or in part.

Wednesday, June 2, 2010

Contact: John Hartgen

703-739-0800

jhartgen@abiworld.org

AUGUST CONSUMER BANKRUPTCY FILINGS UP 29 PERCENT
OVER PREVIOUS YEAR; SET POST-BAPCPA RECORD FOR SINGLE MONTH

September 3, 2008, Alexandria, Va.
face='Times New Roman' size='3'>— U.S. consumer
bankruptcy filings increased 29.2 percent nationwide in August from the
same period a year ago, according to the American Bankruptcy Institute
(ABI), relying on data from the National Bankruptcy Research Center
(NBKRC). The overall August consumer filing total of 96,413 also
set a single month high since the October 2005 effective date of the new

bankruptcy law. Chapter 13 filings constituted 33.2 percent of all
consumer cases in August, a slight increase from July.

“The latest data reflect the growing trend of U.S. consumers to

seek bankruptcy as a way out of financial problems,” said ABI
Executive Director
size='3'>Samuel J. Gerdano. “We expect
bankruptcies to exceed 1.1 million by year end.”

###

analysis of bankruptcy issues. The ABI membership includes more than
11,700 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
face='Times New Roman'>www.abiworld.org. For additional
conference information, visit
title='blocked::http://www.abiworld.org/conferences.html'
href='http://www.abiworld.org/conferences.html'>
color='#0000ff'>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
href='http://www.nbkrc.com/'>
color='#0000ff'>http://www.nbkrc.com.

size='3'>*Definitions from Bankruptcy
Overview: Issues, Law and Policy
size='3'>, by the American Bankruptcy Institute.

Chapter
7 of the Bankruptcy Code is available to
both individual and business debtors. Its purpose is to achieve a fair
distribution to creditors of the debtor’s available non-exempt
property. Unsecured debts not reaffirmed are discharged, providing

a fresh financial start.

size='3'>Chapter 11 of the Bankruptcy
Code is available for both business and consumer debtors. Its purpose is

to rehabilitate a business as a going concern or reorganize an
individual’s finances through a court-approved reorganization
plan.

size='3'>Chapter 12 of the Bankruptcy
Code is designed to give special debt relief to a family farmer with
regular income from farming.

Chapter 13 of the Bankruptcy Code is available for an
individual with regular income whose debts do not exceed specific
amounts; it is typically used to budget some of the debtor’s
future earnings under a plan through which unsecured creditors are paid
in whole or in part.

Wednesday, September 3, 2008 http://thomas.loc.gov/cgi-bin/bdquery/z?d109%3As_162%3A= http://thomas.loc.gov/cgi-bin/bdquery/z?d109%3As_162%3A=

Contact: John Hartgen

Phone: 703-739-0800

Email: jhartgen@abiworld.org

Total Bankruptcies Eclipse the 2 Million Mark in 2005 as Consumers File in Record Numbers Prior to Implementation of New Bankruptcy Law

March 24, 2006 Alexandria, Va. — Bankruptcy filings eclipsed the two million mark for the first time in the United States as 2,078,415 filings were reported in calendar year 2005, according to data from the Administrative Office of the U.S. Courts. The total in this 12-month period ending December 31, 2005, represents a record 30 percent increase compared with the 1,597,462 total filings for the same period in 2004.

Driven largely in response to the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), consumers provided 98 percent of the overall total filings, the highest concentration of consumer filings on record, as nonbusiness filings during the 12-month period ending December 31, 2005, increased to a record 2,039,214, which was a 31 percent increase from the total of 1,563,145 of the same period in 2004. Business filings also increased to 39,201 for the 12-month period ending December 31, 2005, representing a 14 percent increase from the total of 34,317 from same period in 2004. This is the highest total of business bankruptcies in a calendar year since 2001’s total of 40,099.

“It is ironic that, at least in the short term, a law Congress hoped would reduce bankruptcies instead caused the largest upward spike in history,” said Samuel J. Gerdano, ABI Executive Director. “Bankruptcies have in fact fallen dramatically so far in 2006 under the new, more-restrictive law,” he added.

The record high of 667,431 bankruptcies recorded during the 4th calendar quarter of 2005 (October 1-December 31, 2005), is representative of the many debtors who rushed to file prior to the Oct. 17 implementation date of BAPCPA. October 2005 filings alone totaled 630,497, representing 95 percent of the filings for the three-month period and 30 percent of the 12-month period ending December 31, 2005. Nonbusiness filings in October 2005 reached 619,588, which represented 30 percent of the nonbusiness filings for the 12- month period ending December 31, 2005, and 95 percent of the 654,633 total nonbusiness filings for the 4^th quarter of 2005. The 10,909 October business filings were representative of 28 percent of the 12-month period ending December 31, 2005 business filings and 85 percent of the 12,798 business filings for the 4^th quarter 2005.

Largely as a result of the BAPCPA, dramatic decreases in filings were seen during the months of November and December 2005 as the combined filings of 36,934 for those two months represented just 1.78 percent of the total 12-month period ending December 31, and 6 percent for the 4^th quarter 2005. November’s total filings dropped to 14,324, which represented less than one percent (0.69%) of the total for the 12-month period ending December 2005 and 2 percent of the 4^th quarter total. The total of 13,643 nonbusiness filings in November was representative of less than one percent of the total nonconsumer filings (0.67%) for the 12-month period ending December 31, 2005 and just 2 percent of the 4^th calendar quarter nonbusiness filings. Business filings experienced a similar decline as the 681 filings in November represented less than 2 percent (1.74%) for CY2005 and 5 percent of the 2005 4^th quarter’s total of 12,798. By comparison, 2004 totals for the month of November were 122,796 total filings, 2,643 business filings and 120,153 nonbusiness filings, each representative of nearly 8 percent of the 12-month total for their respective categories.

Total filings increased in December 2005 to 22,610, which represented a 63 percent increase over November total filings, but just over 1 percent of the 12-month period ending December 31, 2005 total (1.09%) and just over 3 percent (3.39%).for the 4^th quarter 2005. December nonbusiness filings reached 21,402, representing just over one percent (1.05%) of the total nonbusiness filings for the 12-month period ending December 31, 2005, and only 3 percent of the 4^th quarter 2005 nonbusiness filings. December business filings increased as well to 1,208, but only comprised 3 percent of the total business filings for the 12-month period and represented just over 9 percent of the 4^th quarter total business filings. By comparison, 2004 totals for the month of December were 118,193 total filings, 2,493 business filings and 115,700 nonbusiness filings. Each was representative of just over seven percent of the 12-month total for their respective categories.

However, the 667,431 filings in the 4^th quarter of 2005 (October 1-December 31, 2005) represent an 80 percent increase in comparison to the 371,668 filings for the same quarter of 2004 (October 1-December 31, 2004) and a 23 percent increase from the previous record total 542,002 from the 3^rd quarter of 2005 (July 1- September 30, 2005).

Of the total number of bankruptcy filings in the 12-month period ending December 31, 2005, there were 1,659,017 chapter 7 filings, a 46 percent increase over the 1,137,958 chapter 7 filings for the same period in 2004. Chapter 7 filings also increased 33 percent from the 2005 third quarter from 429,299 to 570,355 in the 2005 fourth quarter.

The next-largest group of filings in the 12-month period ending December 31, 2005, was chapter 13 at 412,130, a 9 percent decrease from the 449,129 filings in the 12-month period ending December 31, 2004. CY2005 chapter 12 filings totaled 380, a 252 percent increase from the 108 filings in the 12-month period ending December 31, 2004. Reflecting the strong economy and low interest rates, chapter 11 filings fell from 10,132 in CY2004 to 6,800 in the 12-month period ending December 31, 2005, a 33 percent decrease.

BUSINESS FILINGS for the 3-month period ending December 31, 2005, totaled 12,798, a 64.54 percent increase from the 7,778 bankruptcy business cases filed in the same period in 2004. NONBUSINESS FILINGS for the 3-month period ending September 30, 2005, totaled 654,633, an 80 percent increase from the 363,890 total in the same quarter in 2004.

The chapter* breakdown of BUSINESS filings for the 3-month period ending December 31, 2005, is: 9,701 chapter 7s, 1,692 chapter 11s, 87 chapter 12s and 1,308 chapter 13s.

The chapter breakdown of NONBUSINESS filings for the 3-month period ending December 31, 2005, is 560,654 chapter 7s, 263 chapter 11s and 93,714 chapter 13s.

Districts with the Highest Percentage INCREASE in Total Filings for the 12-month period ending December 31, 2005 (compared to the identical period in 2004):

District of Virgin Islands: 68.42%
Northern District of Ohio: 57.47%
Southern District of West Virginia: 57.02%
District of North Dakota: 54.68%
District of Vermont: 54.42%

Districts with the Highest Percentage DECREASE in Total Filings for the 12-month period ending December 31, 2005 (compared to the identical period in 2004):

Southern District of Georgia: 9.79%
Middle District of Georgia: 6.67%
District of Puerto Rico: 0.82%
District of South Carolina: 0.47% (Increase)
Middle District of Tennessee: 4.19% (Increase)

More information will be available at ABI’s Statistics Page,http://www.abiworld.org/statistics.

###

*Definitions from Bankruptcy Overview: Issues, Law and Policy, by the American Bankruptcy Institute

Chapter 7 of the Bankruptcy Code is available to both individual and business debtors. Its purpose is to achieve a fair distribution to creditors of the debtor’s available non-exempt property. Unsecured debts not reaffirmed are discharged, providing a fresh financial start.

Chapter 11 of the Bankruptcy Code is available for both business and consumer debtors. Its purpose is to rehabilitate a business as a going concern or reorganize an individual’s finances through a court-approved reorganization plan.

Chapter 12 of the Bankruptcy Code is designed to give special debt relief to a family farmer with regular income from farming.

Chapter 13 of the Bankruptcy Code is available for an individual with regular income whose debts do not exceed specific amounts; it is typically used to budget some of the debtor’s future earnings under a plan through which unsecured creditors are paid in whole or in part.

Friday, March 24, 2006

Article Tags:

Puerto Rico

Contact: John Hartgen

(703) 739-0800

color='#0000ff'>jhartgen@abiworld.org

JANUARY
CONSUMER BANKRUPTCY FILINGS INCREASE 34 PERCENT OVER LAST
YEAR

size='3'>February 3, 2009, Alexandria, Va
size='3'>.
size='3'>— U.S. consumer bankruptcy
filings increased 34.4 percent nationwide in January from the same
period a year ago, according to the American Bankruptcy Institute (ABI),

relying on data from the National Bankruptcy Research Center (NBKRC).
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 ABI Executive Director
face='Times New Roman' size='3'>Samuel J. Gerdano
size='3'>. “We expect more than 1.4 million new cases filed
in 2009.”

###

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 11,700 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
title='blocked::http://www.abiworld.org/conferences.html'
href='http://www.abiworld.org/conferences.html'>
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
href='http://www.nbkrc.com/'>
color='#0000ff' size='3'>http://www.nbkrc.com
face='Times New Roman' size='3'>.

size='3'>*Definitions from Bankruptcy
Overview: Issues, Law and Policy, by the American
Bankruptcy Institute.

Chapter
7 of the Bankruptcy Code is available to
both individual and business debtors. Its purpose is to achieve a fair
distribution to creditors of the debtor’s available non-exempt
property. Unsecured debts not reaffirmed are discharged, providing

a fresh financial start.

size='3'>Chapter 11 of the Bankruptcy
Code is available for both business and consumer debtors. Its purpose is

to rehabilitate a business as a going concern or reorganize an
individual’s finances through a court-approved reorganization
plan.

size='3'>Chapter 12 of the Bankruptcy
Code is designed to give special debt relief to a family farmer with
regular income from farming.

Tuesday, February 3, 2009 http://thomas.loc.gov/cgi-bin/bdquery/z?d109%3Ah_r_03958%3A= http://thomas.loc.gov/cgi-bin/bdquery/z?d109%3Ah_r_03958%3A=

Contact: John Hartgen

703-894-5935

href='mailto:jhartgen@abiworld.org'>jhartgen@abiworld.org

JANUARY CONSUMER BANKRUPTCY FILINGS DECREASE
22 PERCENT FROM PREVIOUS MONTH

February 1, 2011, Alexandria, Va.— January
consumer bankruptcies decreased 22 percent nationwide from December
2010, according to the American Bankruptcy Institute (ABI), relying on
data from the National Bankruptcy Research Center (NBKRC). The data
showed that the overall consumer filing total for January reached
92,669, down from the 118,146 consumer filings recorded in December
2010. The January 2011 consumer filings represent the lowest monthly
filing total since January 2009, when 88,773 filings were recorded.

'The decline in consumer filings in January represents a promising start

to 2011 after years of expanding consumer debt and financial distress,'
said ABI Executive Director Samuel J. Gerdano. 'Still,
we anticipate that there will be nearly 1.6 million consumer bankruptcy
filings by year end.'

The January 2011 consumer filing total also represented a 9 percent drop

from January 2010 total of 102,254. Chapter 13 filings constituted 32
percent of all consumer cases in January, a slight increase from
December.

###

analysis of bankruptcy issues. The ABI membership includes more than
12,800 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
href='http://www.abiworld.org/'>www.abiworld.org. For additional
conference information, visit

href='http://www.abiworld.org/conferences.html'>http://www.abiworld.org/conferences.html.

Tuesday, February 1, 2011

Contact: John Hartgen

703-894-5935

href='mailto:jhartgen@abiworld.org'>jhartgen@abiworld.org

FEBRUARY CONSUMER BANKRUPTCY FILINGS INCREASE
11 PERCENT FROM PREVIOUS MONTH

March 1, 2011, Alexandria, Va.— February consumer
bankruptcies increased 11 percent nationwide from January 2011,
according to the American Bankruptcy Institute (ABI), relying on data
from the National Bankruptcy Research Center (NBKRC). The data showed
that the overall consumer filing total for February reached 102,686, up
from the 92,669 consumer filings recorded in January 2011.

“Though consumers are striving to reduce their debt burden, high
unemployment and a still-poor housing sector continue to fuel new
bankruptcies,” said ABI Executive Director Samuel J.
Gerdano. “We expect these factors to lead to over 1.5
million consumer filings this year.'

Though an increase from the January 2011 filings, the February 2011
consumer bankruptcy total represents an 8 percent decrease from the
111,693 filings recorded in February 2010. Chapter 13 filings
constituted 30 percent of all consumer cases in February, a slight
decrease from January.

###

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
12,800 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
href='http://www.abiworld.org/'>www.abiworld.org. For additional
conference information, visit
href='http://www.abiworld.org/conferences.html'>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
href='http://www.nbkrc.com/'>http://www.nbkrc.com.

*Definitions from Bankruptcy Overview: Issues, Law and Policy, by the
American Bankruptcy Institute.

Chapter 7 of the Bankruptcy Code is available to both individual and
business debtors. Its purpose is to achieve a fair distribution to
creditors of the debtor’s available non-exempt property.
Unsecured debts not reaffirmed are discharged, providing a fresh
financial start.

Chapter 11 of the Bankruptcy Code is available for both business and
consumer debtors. Its purpose is to rehabilitate a business as a going
concern or reorganize an individual’s finances through a
court-approved reorganization plan.

Chapter 12 of the Bankruptcy Code is designed to give special debt
relief to a family farmer with regular income from farming.

Chapter 13 of the Bankruptcy Code is available for an individual with
regular income whose debts do not exceed specific amounts; it is
typically used to budget some of the debtor’s future earnings
under a plan through which unsecured creditors are paid in whole or in
part

Tuesday, March 1, 2011 /sites/default/files/collier/2008/August/augweek4.pdf /sites/default/files/collier/2008/August/augweek4.pdf

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