Bankruptcy Filings on the Rise
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.
Sadovi added, “I’ve talked to other financial experts that say that they are seeing Chapter 11 bankruptcy filings rise in the agricultural sector, as well.” Sadovi’s research shows that of the 474.
· Bankruptcy cases filed in federal courts for the 12-month period ending December 31, 2014, totaled 936,795, down 12.6 percent from the bankruptcy filings for the year ending December 31, 2013 which were 1,071,932. This is according to statistics released by the Administrative Office of the U.S. Courts. Years ended 2006 to 2014. Non-Bus.
Under Chapter 7, the most common type of bankruptcy filing, 85 cases were filed in May 2019, an increase of 7.6% from May 2018. There was also a 23.4% increase in Chapter 13 filings over the same period last year. A total of 58 cases were filed this month in contrast to 47 filed in May 2018.
MINNEAPOLIS – Bankruptcies are on the rise for farmers in the Upper Midwest. Michigan’s Upper Peninsula and northwestern Wisconsin), filed for Chapter 12 bankruptcy protection – more than twice the.
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Bankruptcy filings on the rise. In 2005, bankruptcy filings totaled more than 2 million. By comparison, Gerdano expects there will be more than 1.6 million new bankruptcy filings by the end of 2010. The institute also said that bankruptcies totaled 126,270 in June, a jump of 8.5% from the same month in 2009, when they totaled 116,365.
Bankruptcy fraud is a federal crime that occurs when a person knowingly and fraudulently commits certain prohibited acts in connection with their bankruptcy case. According to the United States Department of Justice, bankruptcy fraud occurs in approximately ten percent of all bankruptcy filings.
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New bankruptcy filings are at their lowest point since 2007, The slight rise could actually be a good thing, indicating that people think it's.