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 [...]

A recent posting on the bankruptcy blog Credit Slips asks this intriguing question: why, when delinquent consumer debts are at historical highs, are we not seeing more personal bankruptcy filings? To contextualize this question a little, here’s some background:

In 2005, a new bankruptcy law (the Bankruptcy Abuse Prevention and Consumer Protection Act, or BAPCPA) took [...]

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 [...]

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 [...]

While the state you live in may not directly determine whether or not you will file bankruptcy, it may increase the odds of you knowing someone who will. Whether due to unemployment levels, the bankruptcy means test, or just plain luck, some states have higher rates of personal bankruptcy.
Based on data supplied by Bankruptcy-Statistics.com on [...]

Bankruptcy filings in the U.S. took a dramatic upswing in the April-June quarter, a new study shows.
Even as experts say the worst of the recession is past, more and more Americans looked to bankruptcy: filing of all chapters (personal and business) were up 15% from the first three months of the year, and up 38% [...]