â Bankruptcy filings hit an all-time high in the second quarter, as cash-strapped borrowers raced against the clock to avoid the onset of a new, more onerous filing regime. According to data released last week by the Administrative Office of the U.S. Courts, bankruptcy filings rose by 11 percent, on a year-to-year basis, during the second quarter – the first filing period after enactment of the Bankruptcy Abuse and Consumer Protection Act, a federal