Transcript Source: Administrative Office of the U.S. Courts 38,109 37,884 44,367 54,027 53,549 51,959 52,374 62,304 70,643 71,549 64,853 63,235 63,853 82,446 81,235 71,277 64,004 Business Bankruptcy Filings 1,263 1,282 1,398 1,125 Thousands 1,350 Personal Bankruptcy Filings Source: Administrative Office of the U.S.

1984
1986
1988
1990
1992
1994
1996
Source: Administrative Office of the U.S. Courts
1998
38,109
37,884
44,367
54,027
53,549
51,959
52,374
62,304
70,643
71,549
64,853
63,235
63,853
82,446
81,235
71,277
64,004
Business Bankruptcy Filings
2000
1988
1990
1992
1994
1,263
1,282
1,398
875
780
813
901
718
616
550
872
1,125
Thousands
1,350
Personal Bankruptcy Filings
1996
1998
Source: Administrative Office of the U.S. Courts
2000
Personal Bankruptcy Filings
Thousands
1,600
The Bankruptcy
Reform Act of 1978
1,400
1,200
1,000
800
600
400
200
0
1940
1950
1960
1970
1980
1990
Source: Administrative Office of the U.S. Courts
2000
Households Filing for Bankruptcy*
Percent
1.6
The Bankruptcy
Reform Act of 1978
1.4
1.2
1.0
0.8
0.6
* Personal bankruptcies divided by
the number of households
0.4
0.2
0.0
1940
1950
1960
1970
Source: Administrative Office of U.S. Courts;
1980
1990
U.S. Department of the
Personal Bankruptcy Filings
Thousands
500
Recession Period
1,000
Recession Period
1,500
0
1981 1983 1985 1987 1989 1991 1993 1995 1997 1999
Source: Administrative Office of the U.S. Courts
Quarterly Bankruptcy Filings
1996
1997
1998
1999
Source: Administrative Office of the U.S. Courts
2000 Q1
309
322
312
319
324
336
322
343
351
362
342
335
340
353
321
298
290
283
253
Thousands
Quarterly Personal Bankruptcy Filings
200
222
221
232
253
283
290
298
321
353
340
335
342
362
351
343
322
336
315
310
303
317
301
Thousands
1995
1996
1997
1998
1999
Source: Administrative Office of the U.S. Courts
2000
Consumer Credit vs.
Personal Bankruptcies
Thousands
$ Billions
1,500
1,500
Bankruptcies
1,000
Consumer Credit
900
600
500
300
0
Consumer Credit
1,200
0
1986 1988 1990 1992 1994 1996 1998 2000
Source: Federal Reserve; Administrative Office of the U.S. Courts
Consumer Credit Growth vs.
Personal Bankruptcies
Thousands
1,500
Consumer Credit Growth
10%
900
7%
600
4%
300
Consumer Credit
13%
1,200
Bankruptcies
16%
1%
0
-2%
1986 1988 1990 1992 1994 1996 1998 2000
Source: Federal Reserve; Administrative Office of the U.S. Courts
Percentage of Families Holding
Debt vs. Personal Bankruptcies
Thousands
1,500
80%
Bankruptcies
60%
900
40%
600
20%
300
0
0%
1983
1986
1989
1992
1995
1998
Sources: Federal Reserve & Administrative Office of the U.S. Courts
Families in Debt
1,200
Percentage of Families With Credit Card
Debt vs. Personal Bankruptcies
Thousands
50%
40%
Bankruptcies
1,050
30%
700
20%
350
10%
0
0%
1983
1986
1989
1992
1995
1998
Families with Credit Card Debt
1,400
Sources: Federal Reserve & Administrative Office of the U.S. Courts
Employment vs.
Personal Bankruptcies
Thousands
1,500
Millions
150
140
Jobs
130
900
120
600
110
300
100
90
0
1986
1988
1990
1992
1994
1996
1998
2000
Source: Administrative Office of the U.S. Courts and Bureau of Labor Statistics
Jobs
Bankruptcies
1,200
Unemployment Rate vs.
Personal Bankruptcies
Thousand
s
1,500
Unemployment Rate
8%
Bankruptcies
1,200
6%
900
4%
600
2%
300
0
0%
1986
1988
1990
1992
1994
1996
1998
2000
Source: Administrative Office of the U.S. Courts and Bureau of Labor Statistics
Real GDP Growth
vs. Personal Bankruptcies
Thousands
1,500
Bankruptcies
1,200
6%
GDP Growth
4%
900
2%
600
0%
300
0
-2%
1988
1990
1992
1994
1996
1998
2000
Sources: Survey of Current Business and Administrative Office of
3-Month Treasury Bill Rates
vs. Personal Bankruptcies
Thousands
1,500
Bankruptcies
1,200
10%
T-Bill Rates
8%
900
6%
600
4%
300
2%
0
0%
1986 1988 1990 1992
1994 1996 1998 2000
Sources: Federal Reserve Bulletin and Administrative Office of the U.S. Courts
Total Debt Service Payments to
Disposable Income vs. Personal
Bankruptcies
Thousands
1,500
Bankruptcies
1,200
18%
17%
900
16%
600
15%
300
0
Debt Service Payments
Service Payments/
Disposable Income
14%
1986 1988 1990 1992 1994 1996 1998 2000
Sources: Federal Reserve and Administrative Office of the U.S. Courts
Quarterly Personal Bankruptcies
Chapter 7 vs. Chapter 13
300
Chapter
7
Chapter 13
Thousands
250
200
150
100
50
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Source: Administrative Office of the U.S. Courts
100,000
Assets
Number of Companies
200
90,000
180
80,000
160
70,000
140
60,000
120
50,000
100
40,000
80
30,000
60
20,000
40
10,000
20
0
0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Source: www.BankruptcyData.com
Number of Companies
Assets ($ in millions)
Bankruptcy Filings of Publicly
Traded Companies