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BANKRUPTCY FILINGS UP BY ALMOST 50%


August 17, 2007

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The total number of U.S. bankruptcies filed during the first six months of 2007 increased 48.23 percent over the same period in 2006 in all bankruptcy court districts, according to data released yesterday by the Administrative Office of the U.S. Courts. Total filings reached 404,090 during the first half of the calendar year of 2007 (January 1-June 30), compared to 272,604 cases filed over the same period in 2006.

Bankruptcy Filings Up By Almost 50%