Bankruptcy Filings Up 13.8% In 2010

According to the 2010 Fiscal Year statistics from the Administrative Office of the U.S. Courts, the number of bankruptcies filed between October 1, 2009 and September 30, 2010 increased from 1,402,816 to 1,596,355, an increase of 13.8%.

Chapter 11 (business and large individual) filings decreased, from 14,745 to 14,191, a 3.8% drop. Business filings overall also went down, from 58,721 last year to 58,322 this year, a 0.7% decrease.

Non-business filings went up under all other chapters of the Bankruptcy Code, rising from 1,344,095 to 1,538,033, or 14.4%.

If you are looking for a Maryland Bankruptcy Lawyer to assist you in filing a bankruptcy in Maryland, call us today at (410) 766-4044 or (301) 587-8900 for a free consultation.   Our attorneys have helped thousands of Maryland residents file for Chapter 7 and Chapter 13 bankruptcy, so feel free to call anytime.