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Bankruptcy Filings Slide in Calendar Year 2011
Bankruptcy Filings Slide in Calendar Year 2011
Source: U.S. Courts
Bankruptcy filings in the federal courts fell 11.5 percent in calendar year 2011, according to data released today by the Administrative Office of the U.S. Courts. The number of bankruptcies filed in the twelve-month period ending December 31, 2011, totaled 1,410,653, down from 1,593,081 bankruptcies filed in CY 2010.
An historic high in the number of bankruptcy filings was seen in CY 2005, when over 2 million bankruptcies were filed. Although filings dropped in CY2006, the first full 12-month period after the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) took effect, they have grown steadily every year since. CY 2011 is the first calendar year to show a decrease in total filings since 2006.
Statistics released today include business and non-business filings for the 12-month period ending December 31, 2011 (Table F-2, 12-month); a comparison of December 2010 and 2011 filings (Table F); 4th quarter filings (Table F-2, 3-month); monthly filings for the 12-month period ending December 31, 2011 (Table F-2, Year-Month); and filings per capita.
Bankruptcy Filings Down in Fiscal Year 2011
Bankruptcy Filings Down in Fiscal Year 2011
Source: U.S. Courts
Bankruptcy cases filed in federal courts for fiscal year 2011, the 12-month period ending September 30, 2011, totaled 1,467,221, down 8 percent over the FY 2010 bankruptcy filings of 1,596,355, according to statistics released today by the Administrative Office of the U.S. Courts. Filings dropped during the fourth quarter of the Judiciary’s fiscal year, with 15 percent fewer filings than in the same three-month period in 2010.
Additional statistics released today include business and non-business bankruptcy filings for the 12-month period ending September 30, 2011 (Table F-2, 12-month); a comparison of September 2010 and 2011 filings (Table F), 4th quarter filings (Table F-2, 3-month); and monthly filings for the 12-month period ending September 30, 2011 (Table F-2, Monthly).
Newly Posted: 2010 Report of Statistics Required by Bankruptcy Law
Newly Posted: 2010 Report of Statistics Required by Bankruptcy Law
Source: United States Courts
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires the director of the Administrative Office of the U.S. Courts to submit an annual report to Congress on certain bankruptcy statistics. The report for calendar year 2010 is now available.
The report, which includes multiple charts and an interactive map, shows that more 1.5 million bankruptcy petitions were filed by individuals with predominately nonbusiness debt in 2010 – an increase of 9 percent over 2009.
About 71 percent of those petitions were filed under Chapter 7 of the Bankruptcy Code, the same percentage as in 2009. Under Chapter 7, a debtor’s assets are liquidated and the nonexempt proceeds are distributed to the debtor’s creditors.
About 28 percent of the 2010 petitions were filed under Chapter 13, in which individuals who have regular income and debts below a statutory threshold make installment payments to creditors under a court-approved plan. The remaining 1 percent of the petitions were filed under Chapter 11, which allows debtors to formulate plans for repaying creditors.
Wiretap Report 2010
Wiretap Report 2010
Source: United States Courts
A total of 3,194 intercepts authorized by federal and state courts were completed in 2010, an increase of 34 percent compared to the number reported in 2009. The number of applications for orders reported by federal authorities was 1,207. The umber of applications reported by state prosecuting officials was 1,987, with 25 states providing reports. Installed wiretaps were in operations an average of 40 days per wiretap in 2010, compared to 42 days in 2009. The average number of persons whose communications were intercepted rose from 133 per wiretap order in 2009 to 118 per wiretap order in 2010. Twenty-six percent of intercepted communications in 2010 were incriminating.
Newly Posted: 2010 Report of Statistics Required by Bankruptcy Law
Newly Posted: 2010 Report of Statistics Required by Bankruptcy Law
Source: U.S. Courts
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires the director of the Administrative Office of the U.S. Courts to submit an annual report to Congress on certain bankruptcy statistics. The report for calendar year 2010 is now available.
The report, which includes multiple charts and an interactive map, shows that more 1.5 million bankruptcy petitions were filed by individuals with predominately nonbusiness debt in 2010 – an increase of 9 percent over 2009.
About 71 percent of those petitions were filed under Chapter 7 of the Bankruptcy Code, the same percentage as in 2009. Under Chapter 7, a debtor’s assets are liquidated and the nonexempt proceeds are distributed to the debtor’s creditors.
About 28 percent of the 2010 petitions were filed under Chapter 13, in which individuals who have regular income and debts below a statutory threshold make installment payments to creditors under a court-approved plan. The remaining 1 percent of the petitions were filed under Chapter 11, which allows debtors to formulate plans for repaying creditors.
United States of America v. Johnny Reid Edwards — Indictment
United States of America v. Johnny Reid Edwards — Indictment (PDF)
Source: U.S. District Court, Middle District of North Carolina (via Courthouse News Service)
From Courthouse News Service:
Former Sen. John Edwards was indicted by a federal grand jury in North Carolina today (Friday) for allegedly taking illegal presidential campaign contributions while carrying on his much-publicized affair.
Edwards, 58, a two-time presidential hopeful, faces six counts all together that each carry maximum five-year prison sentences and $250,000 fines.
Between 2007 and 2008, while Edwards was campaigning for the Democratic presidential nomination, he accepted $900,000 in illegal campaign contributions as part of an effort to conceal his ongoing affair with Rielle Hunter, according to the indictment.
Edwards allegedly used these funds to cover living, medical and travel expenses for Hunter, a former campaign aide who ultimately revealed that Edwards had fathered her daughter. Edwards’ wife, Elizabeth, died of breast cancer in December 2010.
Bankruptcy Filings Up Slightly in March
Bankruptcy Filings Up Slightly in March
Source: U.S. Courts
Bankruptcy filings for the 12-month period ending March 31, 2011, rose 2.6 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2010, according to statistics released today by the Administrative Office of the U.S. Courts. March 2011 bankruptcy filings totaled 1,571,183, with 1,531,997 bankruptcy cases filed in the 12-month period ending March 31, 2010.
Filings in the Federal Judiciary Continued to Grow in Fiscal Year 2010
Filings in the Federal Judiciary Continued to Grow in Fiscal Year 2010
Source: U.S. Courts
In fiscal year 2010, the federal district courts saw continued growth in civil, criminal, and bankruptcy filings, as well as the number of pretrial services cases and persons under supervision. This continues a decade-long trend of growth in these filings. Only the total number of appeals filed declined, pulled down by slight drops in criminal and administrative agency appeals. The number of civil appeals filed remained relatively unchanged.
Growth in Bankruptcy Filings Slows In Calendar Year 2010
Growth in Bankruptcy Filings Slows In Calendar Year 2010
Source: United States Courts
Bankruptcy filings in the federal courts rose 8 percent in calendar year 2010, according to data released today by the Administrative Office of the U.S. Courts. Total filings remain at a five-year high.
The number of bankruptcies filed in the twelve-month period ending December 31, 2010, totaled 1,593,081, up from 1,473,675 bankruptcies filed in CY 2009.
Filings have grown steadily since CY 2006, when bankruptcy filings totaled 617,660, in the first full 12-month period after the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) took effect. An historic high in the number of bankruptcy filings was seen in CY 2005, when over 2 million bankruptcies were filed in anticipation of BAPCPA.
