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Personal bankruptcies decrease in 2011

709,303 personal bankruptcies were filed between January 1, 2011 and June 30, 2011.  This is 7.9 percent fewer than the number of personal bankruptcies filed in the same time period in 2010.

According to the American Bankruptcy Institute, 2010 had the highest number of bankruptcies filed since new bankruptcy laws went into effect in 2005.  Experts predict that a total of 1.46 million bankruptcies will be filed in the U.S. by the end of this year.

119,768 personal bankruptcies were filed in the U.S. in June.  This is a 4.3 percent increase from the number of personal bankruptcies filed in the month of May and a 5 percent year-over-year decrease.

If you are considering filing for personal bankruptcy, contact the Birmingham personal bankruptcy lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000 and set up an appointment to meet with one of our attorneys today.

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