The Judicial Conference Committee on the Administration of the Bankruptcy System told Congress that “…our judicial resources are strained, and the cost to society of an overburdened bankruptcy system, especially in this economic climate, is enormous.”
There are currently 324 bankruptcy judgeships nationwide.
There were 38% more bankruptcy filings in fiscal 2007 than in 2006, and filings increased by another 31% between 2007 and 2008.