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Bankruptcies Climb 34%

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Bankruptcy cases filed in federal courts for fiscal year 2009 rose 34.5% over the year before.

U.S. bankruptcy courts reported 1,402,816 filings for the 12-month period ending Sept. 30, compared to 1,042,993 cases filed in FY 2008.

Business bankruptcy filings for FY 2009 totaled 58,721, up 52% from 38,651 a year earlier. Non-business filings totaled 1,344,095, up 34% from the 1,004,342 reported in September 2008.