June Bankruptcy Filings in Nevada Continue to Race Past National Levels
The Silver State saw more than twice the national average of households filing bankruptcy.
The National Bankruptcy Research Center finally made a wide release of its monthly bankruptcy statistics, which showed Nevada's troubles continued regarding consumers filing bankruptcy in June.
For May, the Silver State saw a rate of 15,000 filings for every 1 million households in the state. That is more than twice the national average of 68,000 for every million. California also posted a high number, which was 50 percent more than the U.S. overall mark.
However, June was the third-straight month that the rate declined for the country, although that may just be a function of the time of year.
"Because filings typically decline through the second quarter of the year, this does not demonstrate that rates have begun to fall after the recession, but it does suggest that the rise in filings that dominated 2009 is coming to an end," the NBRC report said.
Still, as unemployment continues to be near 10 percent, more consumers may be forced to file bankruptcy as the year wears on. The American Bankruptcy Institute expects filings to be near 1.6 million.
For more information call us at 866-210-1722 or fill out the form below.