Thursday, April 25, 2024

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Bankruptcy Filings in 2001
Bankruptcy filings by American consumers and businesses jumped 19 percent in 2001, hitting a record high of 1,492,129 in a year in which the economy slid into recession.

The filings last year compared with 1,253,444 new bankruptcies filed in 2000 and the previous record of 1,442,549 cases filed in 1998, data compiled by the Administrative Office of the U.S. Courts show.

The majority of filings continued to be under Chapter 7 of the U.S. Bankruptcy Code, which allows people to dissolve their credit-card and other debts. Chapter 7 filings were 1,054,975, up 23 percent from 859,220 in 2000.
        Categories:  Bankruptcy,Records
        Reporting Pub:  Yahoo News
        Reporting Date:  2/19/2002
        Article Title:  Bankruptcy filings up 19 percent last year amid recession, data show
        Article Author:  AP World Business
        Pub's Source:  Administrative Office of the U.S. Courts
        Source URL:  View details from source
 

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