Bankruptcy Filings in Maryland Up By 42%

Bankruptcies filed during the first six months of 2007 were up 48 percent over the same period in 2006, according to data released on August 16 by the Administrative Office of the U.S. Courts. Total filings were 404,090 during the first six months of 2007 compared to 272,604 cases filed over the same period in 2006.

Maryland cases showed a similar increase, rising from 4,395 during the first six months of 2006 to 6,221 during the first six months 0f 2007, an increase of 42%.