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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