Archive for the ‘The Bankruptcy Courts’ Category

Florida bankruptcy courts heard 73,622 cases from July 1, 2005 to June 2006. Only four other states had more bankruptcy cases than Florida. In the Middle District alone, attorneys filed more than 43,000 Florida bankruptcy cases.

The Southern District processed over 25,000 bankruptcy cases in the same period. The courts still have their hands full while consumers continue to see filing a Florida bankruptcy as a reasonable solution to their financial situation.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

The Southern District of Georgia saw a dramatic decrease in Chapter 7 bankruptcy in the second quarter this year. However, the Northern and Middle Georgia bankruptcy districts reported large increases in the total number of bankruptcy filings for the same period.

Georgia bankruptcy courts in the middle district processed 191 more Chapter 13 bankruptcies from the first to the second quarters in 2006. The Northern district reported that attorneys brought 376 more Chapter 7 cases and 421 more Chapter 13 cases to the Georgia bankruptcy courts in the second quarter of this year.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

A total 76,570 Illinois bankruptcy cases were filed from July 1, 2005 to June 30, 2006. Even though the number of Illinois bankruptcy cases this period is nearly 7000 less than the previous twelve months, Illinois still ranks as the fourth highest state for the number of bankruptcies filed in the last twelve months.

California, New York, and Texas were the only three states to process more bankruptcy cases than Illinois in the same twelve month period.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

The Colorado court system reported 31,120 bankruptcy cases were filed in the twelve months ending June 30 in 2006. In those twelve months, Colorado bankruptcy filings numbered 30,244.

Colorado bankruptcy continues to be a solution for many people with financial problems. If this trend continues, attorneys will process more than 32,000 Colorado bankruptcy filings over the next twelve months.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

The number of cases filed in the Arkansas bankruptcy courts increased by 38% from the first quarter of 2006. In fact, both the Eastern District and the Western District of Arkansas experienced a 38 percent increase in bankruptcy cases filed.

With these types of case increases, the Arkansas bankruptcy courts may start to get busier. However, the increases are not significant enough to prevent consumers from finding an available Arkansas bankruptcy attorney.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

Kentucky personal bankruptcy filings decreased by close to two-thirds for the first six months of 2006 compared to the same period in 2005. The Federal bankruptcy courts processed 5,231 Kentucky bankruptcy cases in January through June, in contrast to 15,449 last year.
Kentucky bankruptcy attorneys speculate the decline is due to the escalation in Kentucky bankruptcy filings that took place last October before the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 took effect.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

Wednesday, October 18th, 2006

“New” Bankruptcy Law – One Year Later

The dust has settled. The one year anniversary of the most dramatic bankruptcy reforms in U.S. history has come and gone. And the bottom line is this: if you could have filed for bankruptcy protection before, you probably still can.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

Very few other states saw a rise in the number of bankruptcy filings in the last twelve months as compared to the previous period. Hawaii bankruptcy attorneys continued to process cases at a slightly higher rate in the period ending June 30, 2006.
Even though .4% is a small increase for the number of Hawaii bankruptcy filings, it is in sharp contrast to the declines recorded in many other states. Hawaii bankruptcy courts may see an even greater increase this year, as consumers continue to realize that bankruptcy is still an option to consider for remedying their financial problems.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

Indiana bankruptcy cases increased 10.6 percent in the Northern district and 5.3 percent in the Southern district during the twelve-month period ending June 30, 2006 compared to the same period in the previous year.

Indiana bankruptcy courts in the Northern district processed 23,416 cases and the Southern district processed 36,553 cases for the twelve months ending in June 2006. The Indiana bankruptcy courts may continue to process increased numbers of bankruptcy cases in the last two quarters of 2006.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!

Arizona bankruptcy filings were up to 2261 for the second quarter of 2006. Arizona bankruptcy courts handled 1,430 cases in the first quarter of 2006. That is an increase of more than 50 percent.

Despite the bankruptcy law changes last year, Arizona bankruptcy filings have been rising throughout 2006. Increasingly, consumers are realizing that the impact of the law change has been overstated and that filing an Arizona bankruptcy is still an option for solving their financial troubles.

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • E-mail this story to a friend!