Bankruptcy Filing Statistics 2011

BANKRUPTCY FILING ARE OVER THE MILLION MARK AND RISING

The most recent statistics released by the government show that bankruptcies are still on the rise. This information is important for anyone looking at starting his or her own Virtual Bankruptcy Assistance business. Here is just some of the information in the recent statistics:

In 2010 there was more than 1.5 million bankruptcies filed, with more than 70% being chapter 7 and majority of the remainder being chapter 13. In 2011 there is a 2.6 percent increase in the number of pending cases (over 1.7 million) as compared to 2010 (1.65 million).

Filings in the three months of April, May, and June totaled 379,790, and of those filings 274,428 were chapter 7 and 102,167 were chapter 13. If you took a snapshot of today compared with just a few years ago in 2008, there is an increase of more than 30% in the number of cases being filed.

According to the BAPCPA 2010 Map (Bankruptcy Abuse Prevention and Consumer Protection Act), statistics show a trend of greater debt and liability load in the coastal states with gradually less towards the central portions of the country.

WHAT DOES THIS MEAN?

It means that the demand for virtual bankruptcy assistants is growing stronger and greater every day. We encourage you to review some of the links below to help you build and grow your business to meet these demands:

Join the NAVBA and Save 10% on Everything You Purchase
http://navba.org/JoinNAVBA

Complete Kit (with and without VBA certification exams) to Begin Your VBA Business

http://www.713training.com/products.php?product=Complete-Chapter-7-AND-Chapter-13-Bankruptcy-Petition-Training-Kit-%252d-NOW-INCLUDES-VBA-%26-CH-13-EXAMS!
http://www.713training.com/products/Complete-Chapter-7-AND-Chapter-13-Bankruptcy-Petition-Training-Kit-%252d-WITHOUT-VBA-%26-CH-13-EXAMS.html

 How to Market a Virtual Bankruptcy Assistant Service
http://www.713training.com/categories/Marketing-Your-Business/

 Personalized Client Intake Forms
http://www.713training.com/products/Personalized-Client-Intake-Forms.html

Call our office at 1-800-535-9984 if you need any help or information. 713Training.Com is here to help you with support, training and assistant in growing your virtual bankruptcy assistant service.

(Source: http://www.uscourts.gov/Statistics/BankruptcyStatistics.aspx)

Sincerely,

-The 713 Training Team

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DISCLAIMER: We at 713 Training are not attorneys; any information provided by 713 Training should not be considered legal advice.  The information in this article, and any other materials provided by 713 Training, whether delivered verbally, written or via any other means, including electronic/digital delivery and storage, is for training purposes only, and is intended for individuals who work under the direction of a licensed attorney.

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