News release: “Bankruptcy filings for the 12-month period ending March 31, 2010, rose 27 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2009, according to statistics released today by the Administrative Office of the U.S. Courts. March 2010 bankruptcy filings totaled 1,531,997, compared to the 1,202,395 bankruptcy cases filed in the 12-month period ending March 31, 2009.
This is the highest number of total bankruptcy filings since the 12-month period ending March 31, 2006. A significant decline in bankruptcy filings occurred in October 2006, when many of the provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) took effect.”