Bankruptcy Filings on the Rise

The number of Albertans filing for bankruptcy this year has risen compared to the first quarter of 2018.The first quarter of 2019 saw the number of consumer insolvencies in Alberta rise by 15.

While chapter 12 farm bankruptcy filings were down 1% throughout the. as farm income continues to decrease while debt continues to rise.

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The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) (Pub.L. 109-8, 119 stat. 23, enacted April 20, 2005), is a legislative act that made several significant changes to the United States Bankruptcy Code.Referred to colloquially as the "New Bankruptcy Law", the Act of congress attempts to, among other things, make it more difficult for some consumers to file bankruptcy.

Here’s what we know: Caseload statistics from the United States Courts indicate that in 2018 Chapter 12 family farmer and family fisherman bankruptcies nationwide were down from prior-year levels. Chapter 12 farm bankruptcy provides a flexible and seasonal repayment schedule, and at times may provide lower interest rates and reduce the overall debt burden.

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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.

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.

The number of bankruptcies filed in 2018 by North American exploration and production companies increased nearly 21% from a year earlier,

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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unsecured credit market, the rate of consumer bankruptcy filings in the. increasing the cost of filing for bankruptcy-which increased from.

The number of farms filing for bankruptcy is increasing across the Upper Midwest.

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