As previously reported here, bankruptcy filings have been falling in the Western District of New York. A new analysis by the National Bankruptcy Research Center (NBKRC) shows that consumer bankruptcy filings are also down nationwide. The analysis, prepared by Professor Ronald Mann of the Columbia Law School, showed that bankruptcy filing in the United States for the first three months in 2011 are down 6% compared to the first quarter of 2010. The report was released by the NBKRC April 4, 2011.
The American Bankruptcy Institute reports that NBKRC figures show 340,012 consumer bankruptcies were filed nationwide in the first three months of 2011, down from 363,215 consumer filings the same period in 2010.