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Bankruptcy filings down across US, Indiana

IL Staff
November 8, 2012
Keywords
Courts, District Courts, U.S. Bankruptcy Court for Northern District of Indiana, U.S. Bankruptcy Court for Southern District of Indiana, U.S. District Court for the Northern District of Indiana, U.S. District Court for the Southern District of Indiana, bankruptcy
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Bankruptcy cases filed in federal courts for the 12-month period ending Sept. 30 were down 14 percent as compared to fiscal year 2011, the Administrative Office of the U.S. Courts announced Wednesday. Filings are down more than 11 percent in the Northern and Southern District courts of Indiana.

Filings dropped by 11.6 percent in the Northern District, with 14,560 cases filed in the 2012 fiscal year as compared to 16,477 for FY 2011. In the Southern District, filings were down 11.4 percent, with 21,909 cases filed in the FY 2012 as compared to 24,727 during the previous fiscal year.

A breakdown of the cases filed in the Northern District shows 11,040 were Chapter 7, 39 were Chapter 11, 6 were Chapter 12 and 3,475 were Chapter 13. In the Southern District, 15,516 of the total filings were Chapter 7 cases, 70 were Chapter 11, 1 case was under Chapter 12, and 6,322 were Chapter 13.

Across the country, filings dropped from more than 1.467 million cases to around 1.261 million cases.

 

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  1. vagueness cannot challenged, so let's write all laws vaguely and throw the constitution out the window.Even if the court is operating under a particular law, if they don't it they will change it to their liking. What a joke!!!

  2. Two convictions becomes one conviction with exactly the same sentence, only it is not clear wheter or not that sentence will be 18 months, 120 months or 138 months. Actually if the guns were in a home, whether or not they were his, he is protected under the 2nd amendment. Jurors need to learn the law and the constitution before judging others. The cour5ts need to do this as well.

  3. With all due respect, Rick, I think you probably would be making a mistake by going to law school. The job market for attorneys is so saturated, you may well find yourself unemployed and with a lot of debt. You mention law would be a good supplement to your skills. True. But employers unfortunately don't value that. You will find that a law degree may well pigeonhole you into an attorney slot and limit career options. If you have a good job now I would hold onto that. As an attorney, you may well end up making less with the aforementioned debt.

  4. Jack, I was only responding to bill's comment of tying everybody in government together. I agree with you though, it takes one bad apple to ruin the bunch.. As in any profession. What's truly unfair is when somebody violates someone's trust and takes complete advantage of someone

  5. John’s comment is unfair. The majority of attorneys can be trusted. Unfortunately, all it takes is one greedy, unscrupulous, immoral attorney to jade the public.

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