|A reprieve in consumer bankruptcy filings is expected to be only temporary.
The American Bankruptcy Institute reported today that 99,925 consumer bankruptcies were filed during November.
Filings eased from 106,266 in October but were 39 percent higher than November 2007.
Chapter 13 filings accounted for one-third of November's bankruptcies, a slightly bigger share than in October.
From January to November, bankruptcy filings totaled 980,001, according to the findings -- which were derived from data recorded by the National Bankruptcy Research Center.
ABI projects nearly 1.1 million consumer bankruptcy filings for all of 2008 -- a level that would bring December filings to nearly 120,000.
"We expect the alarming rate of personal bankruptcies to continue well into 2009," ABI Executive Director Samuel J. Gerdano said in the statement.
The group said it has more than 11,700 members, including lawyers, lenders and professors.