First Quarter Consumer Bankruptcy Filings Fall 6 Percent from 2010

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 · So far, the retailer’s net sales have decreased every quarter – 7% in the first quarter, 6% in the second and an alarming 10% in the third quarter, which reported in December.

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The American Bankruptcy Institute’s (ABI) Commission on Consumer Bankruptcy is reviewing filing trends to make recommendations for improvement to the consumer bankruptcy system. The total bankruptcy filings in the first calendar quarter, Jan. 1 – March 31 this year, declined slightly by 0.23 percent to 195,199, compared to 195,647 during the same time in 2016.

Consumer bankruptcy filings reached their highest point since 2005 in the first half of this year. Through the first six months of 2010, consumer bankruptcy filings increased to 770,117 – 14% more than filings made over the same period last year, the American Bankruptcy Institute said.

Staggering unemployment and tight consumer credit pushed filings to more than 376,000 for the first quarter of 2010 and nearly 1.55 million for the entire year. That was the highest number since.

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NEW YORK (CNNMoney) – The number of Americans filing for bankruptcy dropped 6% in the first quarter of 2011 compared to the previous year, two industry groups said Monday. The number of filings in the first three months of 2011 dropped to 340,012, down from 363,215 filings recorded in the first quarter of 2010, according. Continue Reading

Bankruptcies in the first quarter of the year were 6 percent lower than the number of bankruptcies filed in the first quarter of 2010. From January to March, a total of 340,012 personal bankruptcies were filed in the United States. In the first quarter of 2010, 363,215 people filed for personal bankruptcy.

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