First Quarter Consumer Bankruptcy Filings Fall 6 Percent from 2010

The record gap of $1.77 trillion has expanded 15 percent since May, the biggest similar-period gain since July, 2010. rate in the second quarter after a revised 2 percent gain in the prior three.

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after the effective date of the Bankruptcy Abuse Prevention and Consumer Protection Act of. bankruptcy filings increased by 87 percent from 2007 to 2010, the. 4. 3 “Fannie Mae 2011 First-Quarter Credit Supplement,” May 6, 2011, If historic filing trends repeat, we can expect filings to fall for the next 12.

(Bankruptcy. an improvement from 2010 when its core came in at 2.57. This shows that the casual dining burger chain is working to improve its operations. The stock is up around 75% over the past.

This figure falls short of the record 263 filings in 2001 but. to figure prominently in headlines in 2010, after news outlets reported that the. of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA").. with revenue in the first quarter of 2009 slipping 6 percent to $13.65 billion.

Last week, General Motors (GM, Fortune 500) reported a $15.5 billion second quarter net loss. While its operating loss was only $6.3 billion. for example. However, filing for bankruptcy protection.

Still, Obamacare has survived with more than 6 million consumers. of expanded coverage. The percentage of uninsured nonetheless has fallen since the law was passed in 2010, according to a Gallup.

Saab filed for bankruptcy. first-quarter loss, and disclosed plans for layoffs of thousands of employees. The company’s board said it was reviewing “strategic options,” which would include a sale.

Import prices in October rose 0.9 percent, Labor Department figures showed. Jobless benefits applications, which dropped to the lowest level since the week ended July 10, were projected to fall to 450.

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Credit-card issuance to consumers with VantageScores in the 601 to 700 range jumped 21% in the first quarter. fall into one of two baskets: they destroyed their scores themselves by missing.

The number of filings in the first three months of 2011 dropped to 340,012, down from 363,215 filings recorded in the first quarter of 2010, according to. “Though bankruptcy filings are still elevated, consumers continue to take.

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The median Chapter 7 case lasts three and a half months from filing to discharge. In cases filed between 2008 and 2010, about 96 percent of debtors who filed under. Another 10 percent first filed under Chapter 13, but then converted to.. In their recent paper, researchers with the Consumer Bankruptcy.