A quick look at bankruptcy industry demand in 2013 We all know that the demand for bankruptcy services fluctuates from month to month and from year to year. Taking a quick look at bankruptcy filing data from January-August 2012 and 2013 reveals the current (and future) state of the industry. What can we learn from…
Bankruptcy Filings Continue to Decline in 2013 Since 2010, bankruptcy rates have continued to decline as the economy has slowly improved. This trend has continued in 2013 as bankruptcy filings continue to fall. First quarter bankruptcy filings fell to 261,000 nationwide, representing a 16% decrease from first quarter 2012 and a 30% decrease from…
A profile of bankruptcy demographic trends from 2006-2010 What are the demographics of the American bankruptcy consumer? Are these demographics changing? In 2010 the Institute for Financial Literacy, whose goal is to promote effective financial education and counseling, completed a study that set out to answer these questions. In this study of data over…
Bankruptcy Filings Decline 14% in 2012 It is clear that the bankruptcy industry follows economic trends quite heavily. Recent data from the U.S. court system on bankruptcy filings shows that bankruptcies continue to decline, meaning that attorneys may need to reevaluate their marketing strategies. Overall, bankruptcy filings declined by 14% in 2012 from 2011. This…