After six straight years of decline, business bankruptcy filings in Oklahoma. companies filing for bankruptcy expected to rise in coming months.
But a major reform of U.S. bankruptcy law in 2005 raised the cost of filing and reduced. consequence of the reform was to cause mortgage default rates to rise .
Notes The "current monthly income" received by the debtor is a defined term in the Bankruptcy Code and means the average monthly income received over the six calendar months before commencement of the bankruptcy case, including regular contributions to household expenses from nondebtors and including income from the debtor’s spouse if the petition is a joint petition, but not including social.
Posted; Where Family Farm Bankruptcies Are on the Rise: August 9, 2019: July commercial chapter 11 filings 2009-19: August 8, 2019: July Commercial Bankruptcy Filings 2009-19
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Was it the government shutdown, the stock market dive, the trade war or just a bad month? Whatever the reason, there was a 28 percent rise in the number of New hampshire bankruptcy filings in January.
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.
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Bankruptcy Filings In Hawaii On The Rise, Report Says . By Amy Nakamura Jun 12, 2019 .. The number of Hawaii bankruptcy filings in May grew by double digits over the same month last year, the U.S. Bankruptcy Court District of Hawaii reported this week.
Bankruptcy Filings are on the Rise. The actual number filed in 2017 was 69,668, up from 66,138 cases filed in May of last year according to the American Bankruptcy Institute & Epiq Systems. Commercial or Business Bankruptcy filings for the month of May also increased at a 5% clip to 3,572 up from 3,412 in May of 2016.
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.
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