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PERSONAL BANKRUPTCIES RISE 10.9 PERCENT

 PERSONAL BANKRUPTCIES RISE 10.9 PERCENT
 WASHINGTON, Sept. 3 /PRNewswire/ -- Personal bankruptcy filings


in the U.S. rose 10.9 percent in the 12-month period ending June 30, 1992, reported the American Financial Services Association (AFSA) today. For this period, personal bankruptcies numbered 899,840, up from the year-ago total of 811,208. For the past 10 years, AFSA has compiled and analyzed statistics from the Administrative Office of the U.S. Courts to see the trends in non-business bankruptcy filings.
 The largest percentage increases were again in east coast districts, which have shown double-digit rises in bankruptcy filings over the past two years. The association noted that this tracks with areas hard-hit by the economic downturn.
 The second circuit, which includes the states of Connecticut, New York and Vermont, showed the biggest increase over year-ago figures -- a 22.6 percent jump from the end of June 1991. Next was the third circuit, which includes Delaware, New Jersey, Pennsylvania and the Virgin Islands; this district had a 20.2 percent rise. The fourth circuit, with Maryland, North Carolina, South Carolina, Virginia and West Virginia followed, with an 18.1 percent increase.
 Encouraging signs of a leveling off in personal bankruptcy filings were shown in several other circuits, with the 10th circuit (Colorado, Kansas, New Mexico, Oklahoma, Utah, and Wyoming) experiencing a 0.4 percent drop.
 AFSA is the national trade association for non-banking providers of consumer credit. Its 350 members hold nearly one-fourth of all consumer credit outstanding in the United States.
 NON-BUSINESS BANKRUPTCIES BY U.S. JUDICIAL CIRCUITS
 (For the 12-month period ending June 30)
 '91-'92
 Circuits 1991 1992 Percentage +/-
 DC 1,095 1,247 +13.9
 1st (ME,MA,NH,RI,PR) 25,846 29,801 +15.3
 2nd (CT,NY,VT) 44,280 54,288 +22.6
 3rd (DE,NJ,PA,VI) 38,052 45,752 +20.2
 4th (MD,NC,SC,VA,WV) 56,995 67,294 +18.1
 5th (LA,MS,TX) 65,791 70,342 + 6.9
 6th (KY,MI,OH,TN) 116,621 121,603 + 4.3
 7th (IL,IN,WI) 74,782 79,125 + 5.8
 8th (AR,IA,MN,
 MO,NE,ND,SD) 49,080 54,279 +10.6
 9th (AK,AZ,CA,HI,ID,MT,
 OR,NV,WA,GUAM,NMI) 173,136 202,891 +17.2
 10th (CO,KS,NM,
 OK,UT,WY) 51,908 51,705 - 0.4
 11th (AL,FL,GA) 113,620 121,513 + 6.9
 Total 811,208 899,840 +10.9
 -0- 9/3/92 R
 /CONTACT: Francis Smith of the American Financial Services Association, 202-296-5544/ CO: American Financial Services Association ST: District of Columbia IN: FIN SU: ECO


TW -- DC024 -- 6699 09/03/92 17:56 EDT
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Date:Sep 3, 1992
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