Much attention has been given to the recent rise in bankruptcies. Indeed, in the first quarter of this year there were 252,761 personal bankruptcy filings in the U.S., the highest quarterly posting in history and an increase of 27% since 1995:Q1. Personal bankruptcies in Ohio have mirrored national trends, although Ohio's current levels are still substantially below the high of 11,326 filed during the second quarter of 1991.
Suggested citation: “Consumer Bankruptcies,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-09, pp. 10, 09.01.1996.