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Number of bankruptcy cases filed in federal courts down less than one percent.(News release: administrative office of the U.S. Courts)
The total number of bankruptcies filed in federal courts declined slightly in the 12-month period ending June 30, 2004, the first time since 2000 that bankruptcies have declined in the 12-month period ending June 30. The total number of bankruptcy cases filed in this 12-month period totaled 1,635,725, down 0.9 percent from June 30, 2003, when filings were 1,650,279.The data were released today by the Administrative Office of the U.S. Courts. Bankruptcy filings remain well above the one million mark, a record first set in the 12-month period ending June 30, 1996.
Non-business filings totaled 1,599,986, down 0.8 from the 1,613,097 cases filed during the 12-month period ending June 30, 2003. In the 12-month period ending June 30, 2004, business filings dropped to 35,739, down 3.9 percent from 37,182.
Filings by Chapter
Of the total number of bankruptcy filings in the 12-month period ending June 30, 2004, there were 1,167,101 Chapter 7 filings, a 0.1 percent increase over the 1,165,993 Chapter 7 filings for the same ...
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