Albuquerque Journal (Albuquerque, NM)

Filings For Bankruptcy May Rise.

Byline: Charles D. Brunt Journal Staff Writer

Fed Reform Could Boost N.M. Cases

A two-year decline in the number of New Mexico filings for bankruptcy-court protection could be coming to an end, based on local statistics and the anticipated impact of an overhaul of the federal Bankruptcy Code.

During the first two months of 2001, the New Mexico District of the U.S. Bankruptcy Court reports 1,343 bankruptcies have been filed in the state. That compares with 1,120 such filings in the first two months of 2000 a 19.9 percent increase.

If those numbers prove to be the start of a trend, 2001 could see the first increase in annual bankruptcy filings since 1998.

And March could be a telling month for 2001: Since 1991, the number of annual bankruptcy filings has peaked more often in March than any other month. …

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