My comment would be that the recent spike in filings suggests that there may be some more jobs out there than we think. Standard advice for most debtor’s counsel is that you don’t file for someone who is unemployed. This time may be different, of course, but the spike might suggest that after bottoming out, some of the debtors have found jobs and are filing to protect what’s left. Another might be that they just reached rock bottom – and scraped up the money somehow.I think he's got a point. It is usually) good advice not to file unless you have some income to protect. A possible difference this time: a different motivation for filing is to stay foreclosure and decellerate the mortgage (and perhaps, if the numbers are right, to wipe out the second). Maybe you can do all this without a job, but it would take ingenuity and luck--and, of course, money.
Still, it wouldn't be the first time that the data gave away secrets that the subjects didn't know they were telling us about.