2004 Bankruptcy Filings Continue to Climb!

The number of bankruptcy filings during the three-month period from January 1 to March 31 , 2004 was 407,572. The number of filings for the three months ending Dec. 31, 2003 was 393,348. Filings for the 12-month period ending March 31, 2004 rose 2.7 percent. 

Filings increased under all chapters with the exception of chapter 12 which showed a 9.3% drop from 632 in March 2003 to 573 in March 2004. Chapter 7 filings increased 3.6% to 1,176,654 from 1,135,436 in the same period. Chapter 13 showed an increase of .03%, 465,878 in 2004 compared to 464,369 in 2003. Under chapter 11, small business debtor, filings rose 8.6% from 10,722 in 2003 to 11,649 in 2004.

Break down is as follows:

Stats for both business and non business filings.
For years ending March 31, 1999-2004

Year Business Personal Total Chapter 7 Chapter 11 Chapter 13
2004

36,785

1,618,062

1,654,847

11,7654

11,649 465,878
2003

 37,548

1,573,720

1,611,268

1,135,436

10,722

464,369

2002

 39,091

1,508,578

1,547,669

1,084,336

11,669

451,258

2001

 35,992

1.272 million

1,307,857

1014137

10519

412272

2000

38,109

1.263 million

1,301,205

870805

8982

380880

1999  38625 1.315 million 1,354,376 959,291 8,765 385,262


Data gleaned from: The Federal Judiciary

 

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