Bankruptcy Filings on the Rise

Bankruptcy Filings on the Rise Posted By demetriagraves || 16-Jan-2010. Many of us have had the feeling that bankruptcies seemed to be on the increase, well here’s some hard facts to back up that idea. U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted nationally.

After the new bankruptcy law was passed in 2005, the number of bankruptcy filings in rhode island declined significantly. Now the number of bankruptcy filings is rising. In the first quarter of this year 583 Rhode Islanders filed for bankruptcy, according to court records, which is nearly double last year’s filings.

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With a liquidity crunch brought on by a rise in rent at its flagship in New York City, Barneys New York is reportedly preparing for a bankruptcy filing. The luxury retail has engaged financial.

The number of Hawaii bankruptcy filings in May grew by double digits over the same month last year, the U.S. Bankruptcy Court District of.

US luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy on Tuesday and put itself up. That is on top of pressure from online retailers that have emerged with the rise.

The increase in bankruptcy filings is a noteworthy shift given bankruptcy levels fell during calendar year 2018 compared to 2017." On Friday, Matt Egan reported at CNN Online that, " Banks in America’s heartland have found themselves in the crossfire of President Donald Trump’s trade war with China.

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Bankruptcy on the rise for the elderly. LEGAL EASE: Bankruptcy on the rise for the elderly. Of elder households who filed for bankruptcy in 2016, 78 percent made less than the median income.

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Corporate Bankruptcy Filings on the Rise. 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.