Bankruptcy Growth Slows Substantially

Raleigh, NC, Jan. 5, 2011 -- The growth in bankruptcies nationally dropped off substantially last year, according to an Associated Press report.

Filings collected from the nation's 90 bankruptcy districts showed 113,000 bankruptcies in December, down 3% nationwide from the same month a year ago, AP said. In total, the nation recorded 1.55 million filings in 2010, an increase of 8% from 2009 and a far slower growth rate than the 32% jump recorded in the year before and the 33% jump the year before that.