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Bankruptcy filings decrease in year ending June 2011


Recent figures from the Administrative Office of the U.S. Courts reveal that total bankruptcies filed in the U.S. in the year ending June 2011 decreased by 2.7 percent.


In addition, the figures detail the decreases in each individual chapter of bankruptcy.  Chapter 13 bankruptcies declined by the smallest amount  in the year ending June 2011 with a 2 percent decrease.  Chapter 7 filings decreased by 4 percent, Chapter 13 filings decreased by 9 percent, and Chapter 11 filings decreased by 11 percent.


75 out of 94 districts in the U.S. experienced decreases in bankruptcy filings.  Districts that saw increases in bankruptcy filings included the Southern District of Florida and the Central Districts of California and Utah.


If you or someone you know wants to learn more about Chapter 13 bankruptcy eligibility in Birmingham, contact the Birmingham Chapter 13 bankruptcy lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000 and set up an appointment to speak with one of our attorneys today.

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