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If Americans use bankruptcy filings as an indicator of how the economy is faring, then there is a brighter economical future for the United States in 2012. Bankruptcy filings steadily fell across the board in the United States in 2011 and may be effecting its economy. That might be an indicator for bankruptcies and a brighter future in 2012.
2011 National Bankruptcy Statistics
According to the American Bankruptcy Institute, bankruptcies fell 12 percent in 2011 compared to 2010. There were 1.38 million United States filers in 2011, including about 74,000 commercial filings. The rest of the filers were individual consumer filings.
A couple of the more notable states with declining bankruptcies for 2011 include Hawaii and Arizona.
Hawaii 2011 Bankruptcy Statistics
In Hawaii, bankruptcy filings fell for the first time in five years, coming from double digit increases every year since 2007.
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If you read our previous blog on How are you funding Christmas? you would have read that the average spend per person this Christmas will be 364. People are looking at ways of cutting down the cost of Christmas with things like Secret Santa, registering gift lists and gift certificates. However there is one other way that can cut your spending by creating and making your own gifts.