Fewer bankruptcies

U.S. bankruptcy filings are down this year.  According to the Adminstrative Office of the U.S. Courts, bankruptcy filings dropped for both individuals and businesses.  Individual bankruptcies declined 2.6 percent over the period October 1, 2003 to September 30, 2004, while business bankruptcies dropped 3.8 percent.

It’s the second consecutive year that business bankruptcies have gone down.  The 34,817 reported this year is the smallest figure since before 2000.