{"id":266362,"date":"2010-02-02T14:52:12","date_gmt":"2010-02-02T19:52:12","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/02\/consumer-bankruptcies-remain-elevated\/"},"modified":"2010-02-02T14:52:12","modified_gmt":"2010-02-02T19:52:12","slug":"consumer-bankruptcies-remain-elevated","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/266362","title":{"rendered":"Consumer Bankruptcies Remain Elevated"},"content":{"rendered":"

Consumer bankruptcies jumped 15% from a year earlier as consumers continue to struggle with high debt loads and elevated unemployment, the American Bankruptcy Institute<\/strong> said.<\/p>\n

On a positive note, the 102,254 consumer bankruptcies filed in January represented a 10% decline from December, but filings at the end of last year were abnormally elevated from usual seasonal levels.<\/p>\n

\u0093Consumer filings this year will likely surpass the 1.4 million consumer filings recorded in 2009,\u0094 said ABI Executive Director Samuel J. Gerdano<\/strong>. The number of bankruptcies in 2009<\/a> was at the highest level since the government revamped rules in 2005, making it more difficult to file for bankruptcy.<\/p>\n

Even amid expectations the unemployment rate will begin to decline this year and home prices appear to be stabilizing, consumers are expected to remain under pressure. Banks have been decreasing their write-offs of nonperforming consumer loans, but if bankruptcies continue to rise that pace of decline may have to slow.<\/p>\n

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Consumer bankruptcies jumped 15% from a year earlier as consumers continue to struggle with high debt loads and elevated unemployment, the American Bankruptcy Institute said. On a positive note, the 102,254 consumer bankruptcies filed in January represented a 10% decline from December, but filings at the end of last year were abnormally elevated from usual […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-266362","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/266362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=266362"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/266362\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=266362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=266362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=266362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}