Bankruptcy Filings Plunged Last Year

Bankruptcy Filings Plunged Last Year: "Bankruptcy filings in the federal courts dropped 70 percent in calendar year 2006, according to data released today by the Administrative Office of the U.S. Courts. However, bankruptcies filed for the last three months of calendar year 2006 were the highest of any quarter in the calendar year. The statistics cover the first full 12-month period in which the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) has been in effect."