Project on Credit Default Swaps in India

Page 92

Project by Praveen P. Mishall

Welingkar Institute

Appendix B: Subprime Crisis US Bankruptcy Filings:

Quarterly Business Bankruptcy Filings 14,000

12,000

10,000

8,000 Series1 6,000

4,000

2,000

0 Series1

06Q1

06Q2

06Q3

06Q4

07Q1

07Q2

07Q3

07Q8

08Q1

08Q2

08Q3

08Q4

4,086

4,858

5,284

5,586

6,280

6,705

7,167

7,985

8,713

9,743

11,504

12,901

Due to surge in the house prices the mortgagor found it difficult to payoff their debt. This led to the increase in individual’s bankruptcy as well as to the business bankruptcy filings as shown in the figures.

CDS | Appendix B: Subprime Crisis

MMS 2008-10

87


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