Long Island Bankruptcy Attorney
Bankruptcy Offices throughout Long Island, New York
Long Island Bankruptcy Lawyer Law Firm Overview Attorney Profiles Bankruptcy Evaluation Form Contact Us
Bankruptcy Practice Areas
Long Island Bankruptcy
Alternatives to Bankruptcy
Bankruptcy Exemptions
Bankruptcy FAQs
Bankruptcy Law
Bankruptcy Overview
Consolidate Your Bills
Creditor Harassment
Debt Consolidation vs Settlement
Discharging Debt
Eliminate Your Bills
Filing Jointly
Foreclosure
Freezes On Your Bank Accounts
Is Filing Bankruptcy Right For Me?
Life After Bankruptcy
Loan Modification
Repossession
Tax Debt & Bankruptcy
The Jacoby and Jacoby Difference
The Means Test
Top Bankruptcy Myths
Types of Bankruptcy
Wage Garnishments
Why Hire a Bankruptcy Attorney
Your Bankruptcy Consultation
Bankruptcy Blog
Bankruptcy Videos
En Espanol
Bankruptcy Law

More Choosing to File Chapter 7 over Chapter 13 Bankruptcy, Report Says

Spouse Filing Bankruptcy According to a report in November by the National Bankruptcy Research Center, Chapter 7 Bankruptcy filings grew by more than 42% from 2008, whereas Chapter 13 Bankruptcy increased by only 12% from the year prior.  The declining share of Chapter 13 filings in 2009 - about 28% as of the end of November - contrasts with 2005 legislation meant to encourage debtors to choose the repayment route, the center says.  November also marked the ninth month in a row that US Bankruptcy filings exceeded 110,000, bringing the first 11 months of 2009 to 1.3 million.

Nationwide, the filings to date amount was almost 11,500 filings per million households. The states with the highest household-adjusted filing rates are Nevada (two-and-half times the national average), followed by Tennessee, Georgia, Alabama, and Indiana (with household-adjusted filing rates more than one and a half times the national average). More than one out of every six bankruptcy filings this year has occurred in one of those States, even though those States include only one in twelve American households.  Arizona saw the biggest increase in filings since 2008 (an 80% jump), followed by Nevada, California, Wyoming and Utah (all with increases of about 60%).  

The lowest increases were in Nebraska, Pennsylvania, Alaska, Tennessee, and South Carolina. The lowest filing rates were in Alaska (less than a third of the national average), followed by the District of Columbia, North Dakota, South Carolina, and South Dakota (all less than half the national average).   
Click Here to watch our Bankruptcy Videos
Fill out the form below to email our law firm.
Leave feedback about our services here.
Bankruptcy Law Visit us on Facebook Follow us on Twitter
Bankruptcy Law
Long Island Bankruptcy Lawyer | Contact Us | Site Map | Privacy Policy

Attorney Web Design

We are a qualified debt relief agency. This is Attorney Advertising. The information on this website is for general information purposes only. Nothing on this or associated pages should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.