As we enter April of 2010 the second quarter of the year has begun. We now have statistics for the total number of cases filing for bankruptcy for February 2010. According to the National Bankruptcy Research Center, NBKRC, the number of file for bankruptcy cases in February 2010 were 112,000. This was a slight increase from January 2010 which had 103,000 cases filing bankruptcy. The January number was below that of December 2009 which was 114,000 filing for bankruptcy cases.


The overall filings for January and February of this year are about 14% higher than those of this time last year according to NBKRC. It is also interesting to know that chapter 7 bankruptcy filings, which are essentially liquidations, are steadily increasing while chapter 13 bankruptcy filings, which relate more to a reorganization plan, have shown a slight decrease. This is somewhat surprising considering the change in the bankruptcy law that was implemented by Congress in 2005 was actually geared more towards showing people how to file bankruptcy by means of a chapter 13 bankruptcy reorganization instead of a chapter 7 bankruptcy liquidation.

According to NBRK, there is significant disparity between the various different States. For instance while most of US States show the 1-14% increase in bankruptcy filings, making bankruptcy news are seven States predominately in the South that have shown a decrease in the number of filings. On the other end of the spectrum six States, the largest of which are California and Arizona, have file for bankruptcy increases to the tune of 35% higher than the same time last year.

So although this may sound like a cliché, if you are thinking of filing bankruptcy, you truly are not alone. With a 35% increase in bankruptcy filings in some states, you should not have the slightest bit of hesitation in getting a free bankruptcy case evaluation online at BankruptcyIntro.com. By simply completing a two-minute bankruptcy evaluation online, you will then be connected to licensed, practicing bankruptcy attorneys near you that will be happy to give you a free bankruptcy case review.

A free bankruptcy counseling session with a licensed bankruptcy attorney will help you get all your bankruptcy questions answered. We are going through a troubled economy. With all the file for bankruptcy cases out there, there is no reason why you should feel embarrassed or hesitant to seek financial freedom from your debts. If you are burdened by debts, take the first step with an online free bankruptcy evaluation, move forward with a bankruptcy case review by a bankruptcy lawyer and rest easy knowing that you may have a way out.