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Feb. 7, 2015
Will bankruptcy filings continue dramatic decline?
According to the Administrative Office of the U.S. Courts, during the 12-month period ending on Dec. 31, 2014, bankruptcy case filings were down 12.6 percent compared to the previous year. By Brian L. Davidoff
According to the Administrative Office of the U.S. Courts, during the 12-month period ending on Dec. 31, 2014, 936,795 cases were filed in the bankruptcy courts throughout the U.S., down from 1,071,932 bankruptcy cases filed in calendar year 2013. This represents a 12.6 percent decline in filings. The decrease in filings was even more pronounced in California, where Chapter 7 liquidation filings declined 25 percent in 2014 compared to 2013 a...
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