For the first time since the bankruptcy laws changed in October of 2005, the number of new consumer bankruptcy cases crossed over the million mark. A total of 1,074,225 cases were filed last year, compared to 822,590 filed in 2007. The last time the new filings exceeded 1 million was in 2005, when the numbers actually exceeded 2 million due to the mad rush prior to the changes in the bankruptcy laws on October 17th 2005.
In Georgia, the total number of consumer bankruptcies for 2008 totaled 59,287, of which 38,374 were filed in the Northern District of Georgia which includes all of Metro Atlanta, Rome, Gainesville and Newnan.
Brian Limbocker
Limbocker Law Firm, LLC
2470 Windy Hill Road SE Suite 300
Marietta, GA 30067
Phone: 770-933-5355
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