The bankruptcy statistics for February 2007 were released on the Internet today.

The insolvency rate (consumer bankruptcies, business bankruptcies and proposals) declined by 0.9%:

Consumer Bankruptcies down 4.0% compared with the same month last year.

Business Bankruptcies up 1.7% compared with the same month last year.

Proposals rose 10.7% compared with the same month last year.

Year to Date Insolvencies rose by 1.0% compared to the same month last year:

Consumer Bankruptcies down 1.8% compared with the same period last year.

Business Bankruptcies down 6.8% compared with the same period last year.

Proposals rose 15.5% compared with the same period last year.

For more information and more detailed analysis please refer to this site.