Bankruptcy filings in the federal courts fell 13 percent in calendar year 2012, according to data released today by the Administrative Office of the U.S. Courts. The number of bankruptcies filed in the 12-month period ending December 31, 2012, totaled 1,221,091, down from the 1,410,653 bankruptcies filed in CY 2011.
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Pronouncing himself “humbled,” Judge Thomas F. Hogan, Director of the Administrative Office of the U.S. Courts, has received the Edward J. Devitt Distinguished Service to Justice Award, but he cautioned in remarks that America's federal judges are “nearing a crossroads.”
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The Judicial Conference Committee on Rules of Practice and Procedure is asking for comment on the first proposed modernization of bankruptcy forms in two decades.
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