Total Bankruptcy Filings Down 21%

A recent Press Release from the American Bankruptcy Institute confirms that bankruptcy filings are on a downward trend.  In September of 2011, a total of 110,410 noncommercial bankruptcy cases were filed in the United States.  In September of this year, 87,492 noncommercial bankruptcy cases were filed, which represents a 21% decrease.

Bankruptcy filings in the Western District of Kentucky followed the national trend.  In September of 2011, a total of 900 bankruptcy cases were filed in the Western District of Kentucky.  In September of this year, 734 bankruptcy cases were filed, which represents an 18% decrease.