April Bankruptcies Below March, 2nd Most in 5 Years
William Rochelle
Bankruptcy filings by individuals and business in March totaled almost 146,000, 4 percent fewer on a daily basis than in March. Filings in April still were the second most since bankruptcy law was tightened in late 2005, according to data compiled from court records by Automated Access to Court Electronic Records.
U.s. Bankruptcy filings fell 4% in april from march
Don Jeffrey and William Rochelle
U.S. Bankruptcy filings by individuals and businesses fell in april to the second-highest level since changes to the law in 2005 made it harder for individuals to seek protection from creditors.
The number of bankruptcy filings climbed higher during March.
Perhaps the most major shock a consumer's financial standing can take is the result of declaring for bankruptcy, though more people are turning to that solution as debt mounts.
Personal Bankruptcies Hit a High and May Keep Rising
Kevin O'Leary
In the fourth-floor courtroom of the U.S. Bankruptcy Court of the Southern District of California, which serves San Diego and Imperial counties (pop. 3.4 million), Chief Judge Peter W. Bowie's docket is overflowing. Bowie has 77 Chapter 13 bankruptcies on his Tuesday calendar, one of which is the case of Juan Flores.
Pace of filings second-highest since 2005
Bankruptcy filings by individuals and business in March totaled almost 146,000, 4 percent fewer on a daily basis than in March. Filings in April still were the second most since bankruptcy law was tightened in late 2005, according to data compiled from court records by Automated Access to Court Electronic Records.
U.S. Bankruptcy filings by individuals and businesses fell in april to the second-highest level since changes to the law in 2005 made it harder for individuals to seek protection from creditors.
The number of bankruptcy filings climbed higher during March.
In the fourth-floor courtroom of the U.S. Bankruptcy Court of the Southern District of California, which serves San Diego and Imperial counties (pop. 3.4 million), Chief Judge Peter W. Bowie's docket is overflowing. Bowie has 77 Chapter 13 bankruptcies on his Tuesday calendar, one of which is the case of Juan Flores.
