The American Bankruptcy Institute released figures for 2010 bankruptcy filings, which increased by 8 percent over 2009 figures. Total filings were 1,593,081 for 2010. Since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, known as BAPCPA, became effective, bankruptcy filings have increased each year.
For the full press release, see the ABI website: http://www.abiworld.org/AM/Template.cfm?Section=Home&TEMPLATE=/CM/ContentDisplay.cfm&CONTENTID=63153
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