[Guest post by DRJ]
After reading a Denver Post article about a dramatic increase in recent and impending dairy farm bankruptcies as well as reports on a political skirmish in the Texas governor’s race over Rick Perry’s recession comments, I thought it might be interesting to compare past and current U.S. bankruptcy statistics.
For the 12-month period ending March 31, 2009, business bankruptcies increased 69% from the same period ending March 2008 and non-business filings were up 33%. Similarly, for the 12-month period ending June 30, 2009, increases continued for all types of bankruptcies. Monthly bankruptcy filings have also increased, especially since February 2009.
Maybe my internet skills are lacking but I had to hunt for this data. The federal court website that historically publishes bankruptcy statistics says “[q]uarterly and 12-month statistics are available approximately 2 months after the close of a quarter.” In the past, I’ve been able to find recent statistics at that website but the most recent data there now is for the period ending December 2008. I wonder why.