A study published in the American Bankruptcy Institute Law Review found that the cost of filing for personal bankruptcy has gone up since the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, as discussed in a recent article in the Wall Street Journal.
Here’s a look at some highlights from the [...]

New numbers from the American Bankruptcy Institute indicate that personal bankruptcy filings for 2010 have reached their highest level since the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA).
Here’s a look at how many of us have turned to bankruptcy protection and why that number is important.
Yearly Filings Expected to [...]

Debt collectors are in the middle of a boom in their business, as debt rises and unemployment rates continue to stay elevated.
Now, there are reports that these busy debt collectors are getting dirty, according to CNNMoney.
In 2009, complaints of harassment from debt collectors rose by 50 percent from the year before. The Federal Trade Commission [...]

While professional basketball players make millions of dollars during their careers, they are not immune to financial troubles. In fact, NBA players tend to file for bankruptcy at an alarmingly high rate.
According to Sports Illustrated, 60 percent of professional basketball players file for bankruptcy within five years of leaving the league. Some recent players’ financial [...]

Across the country, one symptom of the recession is the high rate of bankruptcy filings.
A recent report indicates that the national bankruptcy rate rose 33 percent in the third quarter of 2009, as compared to the same time period last year.
This spike in rates represents the highest rate of bankruptcy filings since 2005.
A CNN Money [...]

Personal bankruptcy filings in October reached the highest levels since the BAPCPA law change four years ago, according to Bloomberg.
Approximately 131,200 Americans filed bankruptcy last month, up 25% from October, 2008, and the highest since the new bankruptcy law took effect in October, 2005.
High unemployment, plummeting home values and tight credit are all contributing to [...]

Recent numbers reported by the American Bankruptcy Institute show that personal bankruptcy filings for September 2009 increased 41% from September of last year and four percent from August 2009.
Flings totaled 124,790 last month, bringing the total for 2009 up to 1,046,449. These numbers are significant – September was apparently the fourth-highest month since BAPCPA took [...]