Monthly bankruptcy filings decreased, though first-half activity was up nearly a third from 2007.
There were 82,770 consumer bankruptcy filings during June, according to recent data from the American Bankruptcy Institute. Members of the organization include more than 11,700 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals.
Filings fell from May, when 91,214 bankruptcies were filed, ABI reported. Filings were higher, however, than 68,559 in June 2007.
Chapter 13 filings accounted for 33 percent of June 2008 filings.
During the first six months of the year, 494,610 bankruptcies were filed, according to the data which is derived from the National Bankruptcy Research Center. First-half filings were 30 percent higher than the same period last year.
"The overall trend of rising bankruptcies reflects the growing financial strain of felt by U.S. households, burdened by high debt, rising mortgage costs and falling home values," ABI Executive Director Samuel J. Gerdano said in the statement.