Decline in bankruptcy filings slowing

Back to TopCommentsE-mailPrintBookmark and Share

Bankruptcy filings in federal courts continue to fall, but the rate of decline is slowing.

According to the Administrative Office of the U.S. Courts, business and non-business filings dropped to 794,492 in the 12-month period ending March 31. This is a 4.7 percent decline from the same period in 2016.

It is also the smallest decrease in recent years. The decline from March 2015 to March 2016 was 8.5 percent while the fall from March 2014 to March 2015 was 12.2 percent.

For the 12-month time frame that ended March 31, 2013, the total number of bankruptcy filings reached 1,174,324.

Indiana district courts have also posted a reduction in filings.

The U.S. Bankruptcy Court for the Northern District of Indiana logged a total of 9,647 bankruptcy petitions in the 12-month period that ended March 31, 2017. Lake County was the largest contributor with 2,833 filing followed by Allen Count with 1,500 filings.

The U.S. Bankruptcy Court for the Southern District of Indiana posted a total of 14,471 bankruptcy filings for the same period. Marion County led the pack with 4,675 filings and Hamilton County was second with 687 filings.

Comparatively, for the year that ended March 31, 2016, the Northern District registered 10,603 bankruptcy filings and the Southern District tallied 15,395 filings.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
Subscribe to Indiana Lawyer
  1. Or does the study merely wish they fade away? “It just hasn’t risen substantially in decades,” Joan Williams, director of the Center for WorkLife Law at the University of California Hastings College of the Law told Law360. “What we should be looking for is progress, and that’s not what we’re seeing.” PROGRESS = less white males in leadership. Thus the heading and honest questions here ....

  2. One need not wonder why we are importing sex slaves into North America. Perhaps these hapless victims of human trafficking were being imported for a book of play with the Royal Order of Jesters? Indianapolis hosts these major pervs in a big way .... I wonder what affect they exert on Hoosier politics? And its judiciary? A very interesting program on their history and preferences here:

  3. Joseph Buser, Montgomery County Chief Prosecutor, has been involved in both representing the State of Indiana as Prosecutor while filing as Representing Attorney on behalf of himself and the State of Indiana in Civil Proceedings for seized cash and merchandise using a Verified Complaint For Forfeiture of Motor Vehicle, Us Currency And Reimbursement Of Costs, as is evident in Montgomery County Circuit Court Case Number 54C01-1401-MI-000018, CCS below, seen before Judge Harry Siamas, and filed on 01/13/2014. Sheriff Mark Castille is also named. All three defendants named by summons have prior convictions under Mr. Buser, which as the Indiana Supreme Court, in the opinion of The Matter of Mark R. McKinney, No. 18S00-0905-DI-220, stated that McKinney created a conflict of interest by simultaneously prosecuting drug offender cases while pocketing assets seized from defendants in those cases. All moneys that come from forfeitures MUST go to the COMMON SCHOOL FUND.

  4. I was incarcerated at that time for driving while suspended I have no felonies...i was placed on P block I remember several girls and myself asking about voting that day..and wasn't given a answer or means of voting..we were told after the election who won that was it.

  5. The number one way to reduce suffering would be to ban the breeding of fighting dogs. Fighting dogs maim and kill victim dogs Fighting dogs are the most essential piece of dog fighting Dog fighting will continue as long as fighting dogs are struggling to reach each other and maul another fih.longaphernalia