Bankruptcy Filings on the Rise

A total of 26 companies have made bankruptcy filings so far this year, with 20 of those filing since May, according to the report.. Number of US E&P operators making bankruptcy filings seen as.

Welcome to Retirement Scan, our daily roundup of retirement news. Elder bankruptcy is on the rise. Here’s why The number of elders who filed for bankruptcy has increased to 12% from 2% in 1991, a study by a group of university professors has found, according to a Forbes article.

Middle Class Bankruptcy Filings on the Rise as Recession Continues.. 2009 – The recession led significantly more individuals earning $40,000 or more per year to file for bankruptcy in 2008 than in years past according to the 2008 Annual Consumer Bankruptcy Demographic Report released by the Institute for Financial Literacy,

The U.S. Bankruptcy Court for the Middle District, which includes Jacksonville, is the third busiest bankruptcy court in the nation. In 2008, there were 42,557 filings in the district. That jumped to 61,690 filings in 2009, resulting in a 45 percent increase.

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.

Bankruptcy filings on the rise . no comment Posted by admin. It’s tough out there. No jobs. home values plummeting. And Americans are reacting by heading to bankruptcy court. Full Story Here. Published under Co-workers, Getting a Raise | send this post. Tags: Bankruptcy, filings, rise. Leave a Reply. Click here to cancel reply..

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JACKSON, Miss. (AP) – Bankruptcy filings in Mississippi are on pace to climb to its highest level since stricter bankruptcy guidelines went into effect in 2005. The American Bankruptcy Institute.

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Filing for Chapter 13 bankruptcy may allow you the opportunity to pay off your debts over time, based on how much you are able to afford each month. If your only income is Social Security and you do not own a home or a car, you may not need to file for bankruptcy because the payments you receive cannot be touched by your creditors.

Federally insured reverse mortgage rules are getting a makeover. The Federal deposit insurance corporation (FDIC) is an independent agency created by the U.S. Congress to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships.

Now, bank frauds have risen, too. The delayed action of the Modi government on this front is something which has proven.

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 more than the 2008 Great Recession peak.