Chapter 7 filings up 17.7%

Chapter 7 filings were up 17.7% from the same period last year [308,028 to 362,481] The large increase has been attributed to the rush to beat the new law. Total Bankruptcies however remained stable, rising only 0.1% [1,637,254 to 1,635,725] Non-business filings rose only 0.3% [1,604,848 from 1,599,986] Business filings actually fell 9.3% to 32,406 from 35,739