Florida Home Loans News

Personal Bankruptcies Decline in January

Bankrupt energy provider PG&E has secured up $34.4 billion in debt financing. Commercial Chapter 11 filings declined slightly in January, with 365 total.. That's according to the results of the “National Study of Individual Chapter 11.

The good news is consumer bankruptcies are down across Canada. OSB received 3,981 bankruptcy filings in January, a decline of 3.89% from the month before. This represents a 5.46% decline compared to the same month last year. Bankruptcies in Canada peaked in March 2011, and have been trending lower since.

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.

Up, Up and Away: Personal Bankruptcies Soar! For example, at the state level, Tennessee had the highest rate of personal bankruptcy filings in the nation, with over 10 filings per 1,000 persons last year-nearly twice the U.S. rate-whereas Massachusetts ranked last with 2.8 filings per 1,000 people.

Total bankruptcy filings for the month of February 2017 increased 6 percent compared to the 55,237 total filings registered in January 2017. Total noncommercial filings for February, 55,539, represented a 6 percent increase from the January 2017 noncommercial filing total of 52,419.

January 8, Interest rates on home mortgages fall to 5.01 percent, the.. in bankruptcy from personal liability for claims made in connection with.

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Personal bankruptcy filings by Illinoisans fell 8.8 percent from January through June this year, beating the national average decline of 7.9 percent, according to the National Bankruptcy Research.

The most recent statistics from United States Bankruptcy Courts indicate that overall non-business bankruptcy filings are on the decline for the year 2012 when compared to the same period from the year before.. In the fiscal year ending on September 30, both Chapter 7 bankruptcy and Chapter 13 bankruptcy filings dropped significantly.

The bankruptcy estate generally consists of all of the assets the individual or entity. 982 Reduction of Tax Attributes Due to Discharge of Indebtedness (and. election as long as they file a joint return for the tax year January 1-March 3.

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