The executive director of the prestigious American Bankruptcy Institute predicts that consumer bankruptcy filings will increase during 2011.  In a press release issued on January 3,  the executive director of ABI, Samuel J. Gerdano, states: “The steady climb of consumer filings notwithstanding the 2005 bankruptcy law restrictions demonstrate that families continue to turn to bankruptcy as a result of high debt burdens and stagnant income growth…We expect that consumer filings will continue to rise in 2011.”        Continue Reading