LIVELINES: BANKRUPTCY CALLS
There's good news and bad news when it comes to the economy. Nationwide the number of bankruptcy filings were up last year, but in this area we seemed to buck the trend.
Attorney Carol Carter was our guest. She says there's been about a ten percent decrease.
She attributes it to the following...
-chapter 13 strong re-payment program
-52% filing chapter 13
-collected 104 (m)dollars in payments
-money back in the economy
But while there is good news, Carol says we are not out of the woods just yet, there has been a slight increase in foreclosures.