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Bankruptcy Filings Drop Ending March, 2013. Less Need for Debt Help.

Written by Steve Rhode

The latest bankruptcy filing numbers are out for the twelve month period ending March, 2013. In March there were 804,885 chapter 7 bankruptcy filings and 355,081 chapter 13 filings. For a total of 1,159,966.

In comparison, in the twelve month period that ended March, 2012 there were 958,757 chapter 7 bankruptcy filings and 396,175 chapter 13 bankruptcy filings. For a total of 1,354,932.

This shows a reduction in chapter 7 and chapter 13 bankruptcy filings in 2013 of about 14 percent.

Chapter 7 bankruptcies were down 16 percent while chapter 13 bankruptcies were down 11 percent.

Chapter 7 bankruptcy filings represented about 70 percent of the total chapter 7 and chapter 13 filings.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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