New Jersey Bankruptcy Filings on the Increase

According to an analysis of the Bankruptcy Court statistics for the District of New Jersey, the number of filings have increased 10% (ten percent) for Chapter 7 cases and 7% (seven percent) for Chapter 13 cases . This was determined by comparing the year period falling between April 2009 and March 2010 with the year falling between April 2010 and March 20011.