Not surprisingly, bankruptcy numbers inversely follow the rise and fall of commodity prices. After a comparatively steep spike in chapter 12 filings during the Great Recession – that 2010 peak – ag prices started rising across the board, and bankruptcies logically pivoted and started to decline.
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Since the new federal bankruptcy law went into effect two years ago, cases in U.S. Bankruptcy Court in Duluth have fallen dramatically. But financial counselors say just as many people, if not more,
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· While total bankruptcy petitions nationwide by consumers and businesses are still well below Great Recession levels, analysts say there is an unmistakable trend upward.
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The company has secured up to $275 million in debtor-in-possession financing to help fund its operations through bankruptcy.
The Danecki Law Firm, P.L.C., designated as a Federal Debt Relief Agency by an Act of Congress and the President of the United States, has proudly assisted consumers seeking relief under the U.S. Bankruptcy Code since 1992.
Quarterly Non Business Filings by Chapter (1994-Present) Quarterly US Business Filings by Year (1980-Present) Annual Business and Nonbusiness Filings by Year (19802017) Chapter 9 Filings (1980-Present) Chapter 15 Filings (2005-Present)
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Because bankruptcy filings do not list the debtor's race, we used. down” Chapter 13 filings are on the rise in recent years and are particularly.
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After experiencing a sharp drop in the first quarter of 2006, the rate of bankruptcy filings has begun to rise. The lull in late 2005 and early 2006 is thought to be a result of tough new bankruptcy legislation. Given the recent uptick, however, it looks like the bankruptcy legislation did little more than temporarily [.]
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The statistics show that Chapter 7 bankruptcy filings are rising faster than the more complex Chapter 13 filings. While the latter requires.