A grim report on bankruptcy filings was recently issued by the Administrative Office of the U.S. Courts. Federal bankruptcy filings increased by 30% for the 2008 fiscal year ending September 30, 2008. Business filings increased by 49% to 38,700 from 26,000 for the 2007 fiscal year. Individual bankruptcies, the bulk of all bankruptcy filings, increased 30%, to 1.043 million from 801,000 in 2007 fiscal year. States showing the largest number of filings on a per capita basis are Tennessee, Nevada, Georgia, Alabama, and Indiana. California was notable in having the district with the largest increase, largely reflecting the increase in home foreclosures. (More information regarding the report can be found at: http://www.uscourts.gov/Press_Releases/2008/BankruptcyFilingsDec2008.cfm ).