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Bankruptcy Filings on the Rise

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Bankruptcy petitions for consumers and businesses are on the rise. There was a 5% monthly increase in total bankruptcy.

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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MINNEAPOLIS (AP) — The number of farms filing for bankruptcy is increasing across the Upper Midwest. A new analysis from the Federal Reserve Bank of minneapolis shows 84 farms filed for bankruptcy in.

Those aged 65 and older have more debt than previous generations, and an increasing portion are filing for bankruptcy in hopes of relieving. an increase in out-of-pocket medical spending, a rise in.

Older Americans' Rising Bankruptcy Filings. posted by Pamela Foohey. Older Americans (age 65 and over) are increasingly likely to file bankruptcy and now.

“Nine years ago, student debt insolvencies were just under 13% of all insolvencies we filed,” says Ted Michalos.

Of the 8,809 Chapter 13 consumer bankruptcy filings that attorney. “The recession beginning in 2007 also brought an increase in cases in the.

Attorney David R. Chenelle has forwarded an article from the New York Post concerning the increase in bankruptcy on a nationwide basis. Both personal and corporate filings have been growing with some experts seeing families rely on consumer debt in order to pay bills.

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.

The second quarter began with a rise in bankruptcy filings. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported on Monday that total U.S. bankruptcy filings.

MINNEAPOLIS (AP) – The number of farms filing for bankruptcy is increasing across the Upper Midwest, following low prices for corn, soybeans, milk and beef, according to a new analysis from the.

Through June 2019, and over the prior 12 months, there were a total of 535 chapter 12 bankruptcy filings, up 13%, or 60 bankruptcies. The number of Chapter 12 filings over the previous 12 months is the highest level since 2012’s 582 filings .