Bankruptcy Filings on the Rise

The Am Law 100 firm tracks Chapter 11 bankruptcy filings by entities with assets greater than $1 million and releases a quarterly report. The quarterly reports use Chapter 11 filing data as a way to measure the financial distress in the overall US economy, as well as the real estate and healthcare sectors.

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.

As annual average loan delinquency rates have increased for 24 consecutive quarters, so too have farm bankruptcies over the prior 12 months. 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.

These Americans are filing for bankruptcy more than ever. warns that seniors are facing a financial crisis with "increasing force and urgency.".

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Farm bankruptcies are on the rise in the Upper Midwest, according to a new report from the Federal Reserve, doubling from their recent lows in 2014. At least 84 farms filed for bankruptcy from.

Compared to the previous year, January 2016 saw a 13% increase in businesses filing for bankruptcy. This is a shocking turn of events, coming off a 20% drop in Chapter 11 business bankruptcy filings in 2015.

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The slight rise could actually be a good thing. that enabled distressed homeowners to work out deals with lenders also helped people avoid filing for bankruptcy, lawyers told MarketWatch. Creditors.

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Furthermore, all of these states have high concentrations of dairy, corn and wheat producers – helping to explain the rise in farm bankruptcies. Figure 3 identifies the year-over-year change in farm.

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.

(In October, 2005, Congress passed the Bankruptcy Abuse and consumer protection act making chapter 7 bankruptcy income-dependent and more difficult to file for individuals and married couples). These oklahoman bankruptcy attorneys and officials believe Chapter 7 & Chapter 13 bankruptcy filings will continue to rise for several reasons.