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Bankruptcy filings up in Indiana

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Bankruptcy cases in federal courts have increased more than 30 percent in the fiscal year ending in September as compared to the 2007 fiscal year. In Indiana, bankruptcy cases have increased more than 25 percent in the U.S. District Court's Northern and Southern districts.

For the federal judiciary's fiscal year ending Sept. 30, the Northern and Southern Districts had 37,538 bankruptcy filings, according to statistics from U.S. Courts. Filings increased 25 percent in the Northern District and 27.5 percent in the Southern District. In the 2007 fiscal year, bankruptcies filed in Indiana totaled 29,656.

Nationally, 1,042,993 bankruptcy cases were filed in federal courts this fiscal year, as compared to the 801,269 filed in 2007.

Matthew Schiller, partner of Schiller Law Offices in Indianapolis, isn't surprised by the increase in bankruptcies here. He's seen an increase as a result of foreclosures and credit card use.

Many adjustable rate mortgages entered into two or three years ago are resetting now and increasing to the point people can't make their payments, he said. And, because of the credit crisis, people can't refinance their mortgages, get credit, or transfer credit card balances.

"We started to see an increase six to eight months ago," he said. "A lot of it is tied to credit problems."

Besides housing and credit card issues, people have filed bankruptcy as a result of unemployment, Schiller said.

While Indiana's filings have increased, the state didn't experience the extreme uptick in filings states such as Arizona, California, Florida, and Nevada have seen. Bankruptcy filings in the Central District of California went up more than 96 percent over last year; Arizona's filings increased by 73.4 percent.

As for the states bordering Indiana, Illinois and Kentucky had comparable increases to Indiana at 25.1 percent in Illinois, and 26.6 percent in Kentucky. Ohio courts saw an average increase of around 13 percent and Michigan was near 22 percent.

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  1. Unlike the federal judge who refused to protect me, the Virginia State Bar gave me a hearing. After the hearing, the Virginia State Bar refused to discipline me. VSB said that attacking me with the court ADA coordinator had, " all the grace and charm of a drive-by shooting." One does wonder why the VSB was able to have a hearing and come to that conclusion, but the federal judge in Indiana slammed the door of the courthouse in my face.

  2. I agree. My husband has almost the exact same situation. Age states and all.

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  4. Andrew, if what you report is true, then it certainly is newsworthy. If what you report is false, then it certainly is newsworthy. Any journalists reading along??? And that same Coordinator blew me up real good as well, even destroying evidence to get the ordered wetwork done. There is a story here, if any have the moxie to go for it. Search ADA here for just some of my experiences with the court's junk yard dog. https://www.scribd.com/document/299040062/Brown-ind-Bar-memo-Pet-cert Yep, drive by shootings. The lawyers of the Old Dominion got that right. Career executions lacking any real semblance of due process. It is the ISC way ... under the bad shepard's leadership ... and a compliant, silent, boot-licking fifth estate.

  5. Journalism may just be asleep. I pray this editorial is more than just a passing toss and turn. Indiana's old boy system of ruling over attorneys is cultish. Unmask them oh guardians of democracy.

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