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A surge of spring and summer filings in anticipation of the new, tougher bankruptcy law that takes effect on Oct. 17 could easily push filings in the United States to a record.
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Already, a new law that went into effect Aug. 31 in New York State has pushed bankruptcy filings by homeowners up.
"For people of color, who historically have fewer assets, preservation of assets is a top priority," said Tom Feltner, vice president at Woodstock, who added that lawyers often have a financial incentive to push Chapter 13 filings.
As to the possibility that unscrupulous attorneys could push Chapter 13 filings in an attempt to get higher fees, Professor Lawless said that effect should be apparent across all races.
He found that the Chamber of Commerce was "the country's pre-eminent petition pusher," with 54 filings in the period.
Last week's drop in claims exceeded economists' expectations for only a 6,000 decline and pushed first-time filings down to the lower end of their range for this year.
Later filings pushed that number as high as $3.989 billion, a valuation that entailed a per-share price of $135.
JPMorgan has not dropped its lawsuit, but it has not made filings that would push its case forward.
Democrats have renewed their push to make Trump's filings public, arguing they could contain information on his business dealings with Russia.
According to SEC filings, this would push the company's total short and long-term debt to over $20 billion.
More than one million Indians have filed tax returns using ClearTax, the company said, although that represents just a fraction of the estimated 60 million plus that will use other online services to file this year (India is pushing to make all tax filings online by 2016).
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