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September 2012 Archives

Fewer individuals file for bankruptcy

In 2011, nearly 1.5 million Americans and more than 30,000 businesses nationwide filed for bankruptcy, according to statistics out of the American Bankruptcy Institute. Although those numbers are higher than previous years, financiers say a positive spin can be cast on the information, as the number of individual bankruptcy filings has decreased by about 10 percent during the past year.

Foreclosure review deadline extended

Government officials have decided to extend the deadline for protesting suspect foreclosure proceedings to Dec. 31 of this year. The deadline for filing an application for an unbiased review of foreclosure actions had been July 31, but administrative leaders have opted to allow more time for homeowners to file claims.

Bankruptcy filings drop in 2012

Newly released financial information indicates that fewer Americans are filing for personal bankruptcy thanks to renewed interest in saving. The numbers, which come from the Administrative Office of the United States Courts, show that personal bankruptcy filed by individuals dropped by about 13 percent during the first six months of 2012.

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