According to the Administrative Office of the U.S. Courts, bankruptcy filings for the 12-month period ending March 31, 2012 fell 13% percent compared to the prior 12-months. Filings fell from 1,571,183 to 1,367,006 nationwide.
Nonbusiness (i.e., personal) filings were also down 13% while business bankruptcy filings were down 14%. With 1,320,613 bankruptcy filings for the 12-month period ending March 31, 2012, that's the lowest level since 2009.
