Bankruptcy Filings Rise Significantly

According to statistics compiled by the Administrative Office of the U.S. Courts, consumer bankruptcy filings for the first half of 2010 are up 15% compared to filings for the first half of last year.

Chapter 7 filings have increased 17 have increased% from last year.

An ABI study also notes that bankruptcy filings for people ages 55 and older have increased.

This year will mark the first time that have been more than 1.5 million bankruptcy filings in a year since the bankruptcy laws were dramatically changed in 2004.

Written by Hoglund Law

The attorneys of Hoglund law are licensed in Minnesota, Wisconsin and Ohio. Hoglund, Chwialkowski & Mrozik, PLLC is based in Roseville, Minnesota. In addition to handling cases involving bankruptcy & social security, Hoglund, Chwialkowski & Mrozik, PLLC handles faulty drugs and toxic exposure.

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