How does the ‘green shoots’ crowd spin this?
This first chart below is based on annual data from www.uscourts.gov. The big increase in total filings since 2007 is no big surprise given our current economy. The second chart shows the monthly stats for fiscal 2009 (Oct – Sept). As you can see, the filings have a seasonal spike in the first quarter which is typical of bankruptcy filings. My bet is that by April of next year bankruptcy filings will make front page news as they soar to new all time highs. What’s your bet?