Bankruptcies were up 14% in February across the United States verses February 2009, and 9% above January 2009, according to the National Bankruptcy Research Center data. The federal government statistics, which were released on March 2, 2010 for 2009, indicated 1,473,675 bankruptcy filings in 2009, a 31.9% rise in filings for 2009 over the previous year. Chapter 7 personal bankruptcies were up 41% (from 744,364 in 2008 to 1,050,832 in 2009) We will continue to inform our clients of the trends in the federal bankruptcy courts, and especially in the Massachusetts district.
Massachusetts Bankruptcies Up in February
March 3, 2010
