According to ACA International, United States bankruptcy filings in April declined by 13 percent. The American Bankruptcy Institute reports that low interest rates for businesses and less consumer spending have contributed to the decline. According to ABI, the total number of bankruptcy filings last month was 87,954. In April of 2013, there were 100,770 during the same time period. Commercial bankruptcy filings decreased 24 percent within the past year, and commercial Chapter 11 filings have dipped 4 percent.

Researchers believe that low interest rates for business borrowers made a huge difference in the number of bankruptcy filings. Researchers also suspect that the high costs that are associated with filing for bankruptcy have had an effect on keeping filing rates below normal. When comparing the filing rates to rates for March, April has a 4 percent decrease from the month before. In March, there were 91,253 total bankruptcy filings. There was a 2 percent decrease in noncommercial bankruptcy filings during that time.

Last month, statistics show that there were an average of 2,932 bankruptcy filings per day and a rate of 2.98 bankruptcy filings per 1,000 people. While bankruptcies may be decreasing, the fact is that they are still a common occurrence. If you are filing a commercial or a personal bankruptcy, you are going to want a hardworking and responsible lawyer on your side. Our directory provides you with options for trusted bankruptcy professionals in your area.

You will want a professional who can guide you through your filings and explain how to fill out schedules. With trusted guidance, you will be able to answer questions accurately and won't run the risk of bankruptcy fraud. You need to learn more information about bankruptcy with the help of someone you can trust! Utilize this directory today to learn more!