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18 Feb 2003
The Administrative Office of the US Courts claims that mounting consumer debt has contributed to the figures. Personal bankruptcy cases accounted for 97.6% of all US bankruptcy cases.
And despite a spate of high-profile corporate bankruptcy filings, business bankruptcies declined by 4%, to 38,540.
The US consumer debt behind the increases rose to an all-time high of $1.7 trillion (£1,000bn), with revolving debt accounting for $711bn of that amount.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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