· If you want further testimony about how much personal bankruptcies have dropped over the past decade, talk to Susan Grossberg, a Springfield, Mass., attorney. For more than 20 years she has helped consumers push the financial reset button when debt triggered by divorce, unemployment, or a costly illness or medical episode became too much to handle.
with estimates ranging from a decline of 0.7% to a 0.4% gain. January’s reading was initially reported as a 0.2% increase. The january revision reflected big downward adjustments to sales of.
Bankruptcy filings in Canada have continued to decline at a rate of 10.7%. The OSB is reporting the most significant reductions in personal bankruptcy rates across the provinces in Newfoundland.
NEW YORK – Barneys New York is filing for Chapter 11 bankruptcy protection. posted a loss and a sales decline in its most recent quarter. After 104 years, Lord & Taylor’s flagship store on Fifth.
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By Susan Ward. Updated January 20, 2019. When we talk about small business bankruptcy, there's not much difference between personal bankruptcy and that.
If we hear in the news that personal bankruptcy filings have decreased over the last year, most of us are likely to think it’s because fewer Americans need bankruptcy protection.However, according to a recent article from ACA International recent article from ACA International
Fitch Ratings, a global rating agency, attributes the decline to lower unemployment rates coupled with a recovering economy. personal bankruptcy rates are expected to decline by eight to 10 percent, marking the fourth consecutive year of lower instances of personal bankruptcy protection petitions.
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If you are new to the blog, you can find many old posts discussing the reasons for the decline on our bankruptcy data page. I will try to write more about the patterns and trends I see in the bankruptcy filing rate decline after the first of the year when the full year’s worth of data is in.
Compared to 12 months earlier, when the number reached 440, the number of personal bankruptcies in Alberta is up 2.3 per cent. total consumer bankruptcies had been falling throughout 2017 until they picked up again in August and October. Part of this increase has to do with rising borrowing costs.