Tuesday, January 24, 2012
LIVELINES: BANKRUPTCY CALLS
Bankruptcy filings dropped a steep 12 percent in 2011. Some experts attribute it to more cautious consumer spending and a decline in credit card debt. So is that the case in our area?
Bankruptcy Attorney Carol Carter was our guest this morning. She said there has been a slight decrease in this area. We also took a closer look at the numbers for 2011.
Cumulative 2011 filings = 46,243
State rank based on per capita filings = 3rd
Chapter 13= 53%
Chapter 7= 47%