The number of bankruptcy filings in the first half of this year reached their highest point since 2005, when the Bankruptcy Abuse Prevention and Consumer Protection Act was created to curb a dramatic increase in filings.

In the first two quarters of 2010, consumer bankruptcy filings totaled 770,117- 14 percent more than the total filings in the first two quarters of 2009.  The American Bankruptcy Institute expects 1.6 million filings by the end of the year.

The month of June had a total 127,000 filings- a 7 percent decrease from May’s total filings.  June’s filings were 8 percent more than the total number of bankruptcies filed in June 2009.

If you or someone you know is considering filing for bankruptcy protection, contact the New Orleans bankruptcy lawyers of The Law Offices of the Law Office of David D. Kervin, Jr., LLC at 504-599-5906 to learn more about your rights.