Reply #24: We beat our previous record of personal bankruptcies by 1.6 million!

[katinmn]

Whoo-hoo!

We went from 1,618,987 million case in 2004 to 1,782,643 in 2005. That's an impressive increase.

You're doing a heckuva job, Junior!

http://www.creditman.biz/uk/members/news-view.asp?newsviewID=5471&id=1&mylocation=News&chksrc=NNow4251
USA Bankruptcy Filings Hit New Records in Run Up
to New Bankruptcy Law Implementation

Dec 7 2005
Bankruptcy cases filed in federal courts grew 10 percent in fiscal year 2005, according to the Administrative Office of the U.S. Courts—rising to the highest number of bankruptcies ever filed.

During the 12-month period ending September 30, 2005, 1,782,643 bankruptcies were filed, up from the 1,618,987 bankruptcy cases filed in fiscal year 2004.

Filings for the 3-month period from June 30, 2005 to September 30, 2005, also were the highest number filed for any quarter in the history of bankruptcy, totaling 542,002. The large number of filings is due to the many individuals who filed for bankruptcy before October 17, 2005, the implementation date of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

More at http://www.uscourts.gov/Press_Releases/bankruptcyfilings120105.html

Use the link provided.