Business bankruptcies jump 64% compared with year ago - Washington Business Journal: Washington Bureau

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The number of business filings was up 11 percenrt over the total for the fourth quartetof 2008, according to the Administratived Office of the U.S. Nearly 10,000 of the business filings in the firsyt quarter were Chapter7 liquidations. Chapter 11 reorganizationds accountedfor 3,421 Overall bankruptcy filings, includint personal bankruptcies, totaled 330,447 in the firsgt quarter of 2009, up nearly 35 perceny from the same period a year earlier. For the 12-montyh period that ended March 31, more than 1.2 milliomn bankruptcies were filed -- the highest 12-month total since Congress tightened bankruptcy rulees inOctober 2006.
"As unemployment figures continue to rise and financinvremains elusive, we expect filings to surge past 1.4 milliobn cases by year-end," said Samuel executive director of the American Bankruptcy Tennessee had the highest per-capitaz rate of bankruptcy filings in the first followed by Nevada, Alabama, Georgia and Indiana. Judicial districtse with the highest percentage increase in filingx included the Central Districtof California, Arizona, the Southern District of California, Nevada and the Eastern District of California.
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