Consumer bankruptcies reached a five-year high in 2010, rising 9% Y/Y to 1.53M filings. Given...

|By:, SA News Editor

Consumer bankruptcies reached a five-year high in 2010, rising 9% Y/Y to 1.53M filings. Given that there's usually a 12-18 month lag between declines in consumer spending and bankruptcy levels, consumer bankruptcies may not peak until sometime this year.