BANKRUPTCY FILINGS UP IN FIRST QUARTER
April 10, 2007
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Data from Jupiter eSources LLC showed that business bankruptcy filings rose 60 percent and consumer filings increased by 70 percent in the first three months of 2007 compared to the similar period last year, the Associated Press reported yesterday. Jupiter’s AACER database reports that overall daily filing averages have climbed by 26 percent since January. On average, 3,316 cases were filed each day last month. AACER categorizes consumer filings differently than the PACER system run by the Administrative Office of the U.S. Courts, which accounts for slight number variations. Data shows a steady increase in filings so far in 2007, with about 50,000 cases filed in January, 55,000 in February and more than 73,000 in March.
Bankruptcy Filings Up In First Quarter
