Bankruptcy filings are on the rise as Americans pile up more debt. The latest ABI data pegs household debt near $14 trillion, which is $1 trillion more than the 2008 Great Recession peak.
Commercial bankruptcy filings totaled 3,371 in October 2018, an 11 percent increase from the 3,041 commercial filings in October 2017," according to the news release. "The 67,546 total U.S. bankruptcy filings in October 2018 registered a 5 percent increase over the October 2017 total of 64,616.
The bankruptcy filing does not affect the company’s Australian mines. Peabody Energy’s headquarters in St. Louis. Credit: Tolkein1914/flickr The St. Louis-based company said it is optimistic that coal.
Calculating the exact number of home health provider bankruptcies that have been filed over the years is extremely difficult, experts say,
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If interest rates rise, those interest payments will increase. Struggling to manage its suffocating debt load, it virtually ran out of cash just before its bankruptcy filing. Now, Tops is trying to.
Bankruptcy Filings on the Rise Again Nationwide After several years of declining, the rate of bankruptcy filings across the United States has started to rise again. This goes for both commercial and consumer bankruptcies, and analysts wonder whether or not the rise signals another economic collapse similar to the one that happened back in 2007-2008.
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But a major reform of U.S. bankruptcy law in 2005 raised the cost of filing and reduced. consequence of the reform was to cause mortgage default rates to rise .
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Sadovi added, “I’ve talked to other financial experts that say that they are seeing chapter 11 bankruptcy filings rise in the agricultural sector, as well.” Sadovi’s research shows that of the 474.
While chapter 12 farm bankruptcy filings were down 1% throughout the. remains below historical averages while farm debt continues to rise.
Bankruptcy Filings on the Rise in Jacksonville. The following article was featured on First Coast News on March 10, 2010. Len Keise – Taren Reed JACKSONVILLE, Fla. – If you find yourself living paycheck to paycheck, you aren’t alone. The number of people unable to pay their bills is growing. For some, the only way out they see is bankruptcy.
The retailer, controlled by the New york hedge fund perry Capital, struggled to navigate the rise of e-commerce as well as a.