Bankruptcy Filings Drop by 8% in August

A new report by the American Bankruptcy Institute shows that the number of personal bankruptcies filed in August decreased.  

The report shows that consumer bankruptcy filings fell by 8% to 127,028 during the month of August.  The American Bankruptcy Institute said their data was based upon statistics from the National Bankruptcy Research Center.  It is said that filings fluctuate month-to-month.  For example, during the month of July, filings rose 9% compared to June.

Despite the drop in August, this year's bankruptcy filings are still outpacing the number of bankruptcies filed 2009.  As of August, there were more than 1 million consumer bankruptcy filings, an increase from just over 921,000 during the same time period in 2009.

If you're planning to file for consumer bankruptcy in the state of Utah, it is important that you work with a skilled Salt Lake City bankruptcy lawyer who can help you with paperwork and guide you through proceedings.  To get the help you need, contact the Stone Law Firm now!