Bankruptcy filings dropped like a rock during October, declining more than 10% over year ago levels. Overall, bankruptcy filings are down more than 3% this year. During October, 133,404 filings were made compared to 148,044 for October 2003. Year-to-date bankruptcy filings were 1.3 million. The total number of bankruptcies filed in the 12-month period ending June 30th, was 1,635,725, down 0.9% from a year ago. For the second quarter of this year total filings were down 0.4% to 421,100. The decline for the first half of this year is the first drop in consumer bankruptcy filings since 2000.
| Monthly Filings Historical | |
|---|---|
| Oct 03: | 148,044 |
| Nov 03: | 131,921 |
| Dec 03: | 113,383 |
| Jan 04: | 114,737 |
| Feb 04: | 124,719 |
| Mar 04: | 152,567 |
| Apr 04: | 145,543 |
| May 04: | 136,509 |
| Jun 04: | 127,742 |
| Jul 04: | 133,390 |
| Aug 04: | 125,783 |
| Sep 04: | 127,664 |
| Oct 04: | 133,404 |
| Source: CardData (www.carddata.com) | |