Bankruptcy Filings on the Rise

As The Economy Slows The Number of Construction Bankruptcies Will Rise: What. Within a fixed period after the filing of the Chapter 11 petition, the debtor is.

Personal bankruptcy filings in the United States increased, per capita, nearly 350. are likely contributors to the dramatic rise in personal bankruptcy filings seen.

May’s commercial filing total represented a 7% increase from the April commercial filing total of 3,351. The average nationwide per capita bankruptcy filing rate in May of 2017 was 2.57 (total filings per 1,000 per population), a slight increase from the 2.54 filing rate average for the first four (4) month of the year January through April.

Bankruptcy filings are on the rise as Americans pile up more debt. The latest ABI data pegs household debt near $14 trillion, which is $1 trillion more than the 2008 Great Recession peak.

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Bankruptcy on the rise for the elderly. LEGAL EASE: Bankruptcy on the rise for the elderly. Of elder households who filed for bankruptcy in 2016, 78 percent made less than the median income.

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Household Debt Increases as Chapter 11 Bankruptcy Filings on the Rise July 10, 2018 by Alexa P. Stephenson, Esq. Consumer debt is a reliable indicator of the trend in bankruptcy filings, as well as the health of America’s economy as a whole.

The number of farmers falling behind on loans and filing for bankruptcy has jumped since the trade dispute began in spring 2018, according to.

Corporate Bankruptcy Filings on the Rise. The first month of 2016 brought both good news and bad news regarding bankruptcy filings. While U.S. bankruptcy filings decreased by 11%, dropping to 52,522, there was a rise in corporate bankruptcy. Compared to the previous year, January 2016 saw a 13% increase in businesses filing for bankruptcy.

Tiger Oak Media, publisher of Minnesota Bride and more than 20 other specialty magazines, has filed for Chapter 11 bankruptcy. The company, based in downtown Minneapolis, indicated in its bankruptcy.

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Bankruptcy Filings on the Rise Back to Bankruptcy Article Index Data from the U.S. Bankruptcy courts released recently showed that there were almost one million individuals and businesses seeking bankruptcy protections as an option to relieve their debt in the 12-month period ending June 30.

HOUSTON (Reuters) – Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Wednesday, as volatile.