Bankruptcy Filings on the Rise

Retail bankruptcies on the rise in Seattle area, even as total number of bankruptcies falls. Retailers around the country are filing for bankruptcy and closing swaths of stores, including many.

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Reports indicate a steady rise in filings from 2007-2010, but they have fallen steadily in the last eight years. This decline coincides with a nine-year bull run streak on Wall Street. According to experts and Federal Reserve data, bankruptcy trends seem to follow Americans’ debt-to-income ratio.

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The first month of 2016 brought both good news and bad news regarding bankruptcy filings. While U.S. bankruptcy filings decreased by 11%, dropping to 52,522, there was a rise in corporate bankruptcy. Compared to the previous year, January 2016 saw a 13% increase in businesses filing for bankruptcy.

Farm bankruptcies are on the rise across. Eighty-four farms filed for chapter 12 bankruptcy in Wisconsin, Minnesota, North Dakota, South Dakota and Montana in the 12 months that ended in June.

The number of bankruptcy filings in South Dakota jumped by 36 percent in the first two months of 2018, according to numbers released by the U.S. Bankruptcy Court for the District of South Dakota.

Tennessee filed 5.23. bankruptcies per 10,000, down 0.34 percent from a year ago. North Dakota has seen the biggest percentage increase in filings compared to this time a year ago.

Under Chapter 7, the most common type of bankruptcy filing, 85 cases were filed in May 2019, an increase of 7.6% increase 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.

Lampert was Sears’ CEO from 2013 until its bankruptcy filing in October. Since then. "I think there is a big segment of America who would like to see Sears rise again.".

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The court clerk danny miller reports that bankruptcy filing in the S. District on Mississippi are up 11.7% over the same period in 2016. january 2017 bankruptcy rates were the lowest for the nine month period with 805 new filings. March 2017 was the month with the highest number of new filing at 833 during the first nine month period.

If you are considering filing for bankruptcy in Washington State, you will not be alone. The Seattle area is bucking the national trend in which bankruptcy filings are on the decline.. According to the statistics on hand with the Western District of Washington Bankruptcy Court, bankruptcy filings seems to be on the rise in 2011 when compared to the number of filing in 2010.

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