Dallas, TX (PRWEB) January 09, 2012
Bankruptcy trends have had their fair share of ups and downs over the last decade. The Lee Law Firm took a closer look into bankruptcy statistics (http://leebankruptcy.com/lp/stats/) over the last ten years, revealing some interesting facts. From steady and consistent filings to sharp spikes and dips, the number of filings has drawn a dramatic line in the sands of history.
The variations and differences among filing trends are important for highlighting patterns among contributing factors. Until now, these latest trends have not been available in such a concise and organized display. Developed from a proprietary software that monitors bankruptcy filings across the U.S. in addition to information from the uscourts.gov, this data has been compiled into a summarized and easy to read format.
Anyone who has been part of a bankruptcy case in the last ten years knows just how far external factors have played a key role in their filing. Examining how factors such as legislation and the economy have impact the bankruptcy filing trends, it is easier to identify other influencing factors for future predictions. This graphical display of data highlights some interesting points about the past, which could be used to predict future filing patterns.
This bankruptcy statistics page provides up to date information on filings by state, comparisons between Chapter 7 and Chapter 13 filing numbers and a look at business versus non-business filings. Further, the trends page has a unique feature of mapping the number of filings since 2009 and how major economic and financial events have impacted those numbers. For a closer look at local filing statistics, a metropolitan heat map feature allows viewers to examine hot spots for filings in a major city in the United States.