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Personal bankruptcies have been on the rise since the Great Recession, and with it, perhaps a decline in the stigma against throwing in the hat when your finances become too much.

Commercial bankruptcy filings totaled 3,371 in October 2018, an 11 percent increase from the 3,041 commercial filings in October 2017," according to the news release. "The 67,546 total U.S. bankruptcy filings in october 2018 registered a 5 percent increase over the October 2017 total of 64,616.

Why are bankruptcy filings on the rise? Some people do everything right and still have to seek protection in the bankruptcy laws. But the biggest factor that has lead to filing bankruptcy is the easy availability of credit.

Tennessee filed 5.23. bankruptcies per 10,000, down 0.34 percent from a year ago. North Dakota has seen the biggest percentage increase in filings compared to this time a year ago.

“Though bankruptcy filings are still elevated, consumers continue to take. Bottom line: the sharp increase in bankruptcy levels in recent years.

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May’s commercial filing total represented a 7% increase from the April commercial filing total of 3,351. The average nationwide per capita bankruptcy filing rate in May of 2017 was 2.57 (total filings per 1,000 per population), a slight increase from the 2.54 filing rate average for the first four (4) month of the year January through April.

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Those aged 65 and older have more debt than previous generations, and an increasing portion are filing for bankruptcy in.

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Bankruptcy Filings on the Rise Posted By demetriagraves || 16-Jan-2010 Many of us have had the feeling that bankruptcies seemed to be on the increase, well here’s some hard facts to back up that idea. U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted nationally.