Record Number of Personal Bankruptcies in 2010. Experts Expect the Num

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But after hitting record levels in 2005 (paywall), personal bankruptcy filings are are now in their twelfth straight year of decline. US federal court records show a 50% drop since 2010 from 1.5 million to 766,00 last year with no signs of abating. Isolating the reasons remains difficult.

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In the federal government’s fiscal year 2010, which ended september 30, more than 1.5 million non-business bankruptcy filings were processed, according to data released Monday by the Administrative.

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A record number of 1,530,078 bankruptcies were filed in 2010, an increase of about 9 percent from 2009 and experts expect the numbers to increase even more this year, according to a press release from New Horizon Credit Counseling Services. If you think you may be among these statics for 2011, make sure you’re aware of all of the effects of declaring bankruptcy.

Editor’s note: See updated story, State by state bankruptcy statistics, 2005-2011. As the economy begins an agonizingly slow crawl to recovery, bankruptcy filings still continued to rise in the third quarter of 2010.Click on the map to view bankruptcies over time in different states and jurisdictions; scroll down to see details.

Personal Bankruptcy Filings Rising Fast By.. 2010 12:14 pm ET The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and.