May, 2007 Bankruptcies Rise

2005 Bankruptcy StatisticsNEWS FLASH! June 29, 2007: The bankruptcy statistics for May, 2007 were released on the Internet today.

Insolvencies Rise in May, 2007 by 6.4%,
Year to Date Insolvencies are up by 1.7%.

Current Month:

    Consumer Bankruptcies up 6.5% compared with the same month last year.

    Business Bankruptcies down 16.6% compared with the same month last year.

    Proposals rose 14.6% compared with the same month last year.

Year to Date:

    Year to Date Insolvencies rose by 1.7% compared to the same month last year.

    Consumer Bankruptcies down 0.4% compared with the same period last year.

    Business Bankruptcies down 8.6% compared with the same period last year.

    Proposals rose 13.6% compared with the same period last year.

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