Personal Bankruptcies Decline in January

National bankruptcy figures for 2016 represent a 5.9 percent decline from the previous year. is not sure the number of filings will get much lower than it already is. Personal bankruptcies.

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30, there were only 6,298 nonbusiness bankruptcy filings in Kansas. And if that pattern holds true for the January. 10,905 personal bankruptcies in Kansas, and more than 1.5 million nationwide.. Total bankruptcy filings for the month of February 2017 increased 6 percent compared to the 55,237 total filings registered in January 2017.

A decline in personal bankruptcy filings in the miami valley signals that access to credit remains tight and consumers are carrying less debt, experts said. But the trend is not necessarily good news. Bankruptcy is a way of discharging debt, but many debtors are unemployed, meaning they do not have wages that creditors can seek to garnish.

 · If you want further testimony about how much personal bankruptcies have dropped over the past decade, talk to Susan Grossberg, a Springfield, Mass., attorney. For more than 20 years she has helped consumers push the financial reset button when debt triggered by divorce, unemployment, or a costly illness or medical episode became too much to handle.

Personal Bankruptcy Filings Decline 6th October 2011: Chris Lee Law Firm. Filed under: News The number of personal bankruptcy filings dropped 17% in September, as compared to September of 2010. This was news that is easy on the ears after so many months of ominous financial reporting.

In 2018, the state of Alabama had a personal bankruptcy filing rate of 542.8 per 100,000 inhabitants, the highest in the nation. Show more Personal bankruptcy rate in the United States as of June.

Meanwhile, bankruptcies filed under Chapter 7 and Chapter 13, the areas of the U.S. Bankruptcy Code most commonly used by individuals to restructure personal finances. government’s January findings.

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The reasons for rising family debt levels include, among slower income growth, the decline in. “Rising Personal Bankruptcies: A Sign of Economic Strains on America’s Middle Class” (Washington:.

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The Federal Reserve recently announced that farm bankruptcies in. but financial averages for many farms witnessed a decline, meaning that.

The American Bankruptcy Institute suggested that veteran Chicago bankruptcy attorney and trustee David Leibowitz could also help parse the reasons for the decadelong decline. First, he says, the.