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The National Association of
Consumer Bankruptcy Attorneys (NACBA) says that according to a survey of
its members, bankruptcy filings are on the rise again, United Press
International reported yesterday. NACBA reported Wednesday that a survey
of 700 lawyers shows that 68.5 percent of those surveyed said their
bankruptcy filings are up in the third quarter of 2006 compared to the
first half of the year. Almost three out of five bankruptcy lawyers
reported that they expect filings to reach pre-bankruptcy reform
levels by or before the law's second anniversary in 2007, NACBA said,
adding that the new law's effect so far appears to be, primarily,
to create more paperwork.
NACBA Expects Bankruptcy Filings to Increase to Pre-Reform Levels |
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