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Indiana bankruptcy filings decrease in 2011

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Indiana saw fewer bankruptcies for the fiscal year ending Sept. 30, 2011, than it did the year before, with the state improving its national ranking based on case filings.

The Administrative Office of the U.S. Courts released bankruptcy filing statistics Monday, showing an 8 percent decrease in the number of bankruptcy filings throughout the country between Oct. 1, 2010, and Sept. 30, 2011.

Nationally, courts saw 1,467,221 cases this year compared to the 1,596,355 million filed the year before. Filings dropped during the judiciary’s fourth quarter with 15 percent fewer than in the same three-month period in 2010. Overall, Chapter 7 filings were down 10 percent, Chapter 13 filings dropped 4 percent, and Chapter 11 filings decreased by 16 percent nationwide.

The 7th Circuit Court of Appeals that includes Indiana, Illinois and Wisconsin saw a 10 percent drop in bankruptcy filings overall, the figures show. A total 161,182 were filed last year and 145,018 by the end of this year’s fiscal year.

In the Northern District of Indiana, figures show filings decreased 15.7 percent – 16,477 by Sept. 30, 2011, compared to 19,538 by that time in 2010. The Chapter 7 filings dropped by 16 percent while the Chapter 13 filings decreased by 13.4 percent.

In the Southern District of Indiana, overall filings decreased by 14.5 percent – 24,727 this year compared to 28,905 last year. The Chapter 7 filings decreased by 13.8 percent and the Chapter 13 filings dropped by 15.5 percent, statistics show.

Fewer filings improved Indiana’s national bankruptcy ranking. The state is ranked seventh this year in overall filings, compared to fourth last year. Indiana was third last year in Chapter 7 filings, and this year the state ranked sixth. Indiana dropped from 10th to 11th place in Chapter 13 filings.
 

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  1. A sad end to a prolific gadfly. Indiana has suffered a great loss in the journalistic realm.

  2. Good riddance to this dangerous activist judge

  3. What is the one thing the Hoosier legal status quo hates more than a whistleblower? A lawyer whistleblower taking on the system man to man. That must never be rewarded, must always, always, always be punished, lest the whole rotten tree be felled.

  4. I want to post this to keep this tread alive and hope more of David's former clients might come forward. In my case, this coward of a man represented me from June 2014 for a couple of months before I fired him. I knew something was wrong when he blatantly lied about what he had advised me in my contentious and unfortunate divorce trial. His impact on the proceedings cast a very long shadow and continues to impact me after a lengthy 19 month divorce. I would join a class action suit.

  5. The dispute in LB Indiana regarding lake front property rights is typical of most beach communities along our Great Lakes. Simply put, communication to non owners when visiting the lakefront would be beneficial. The Great Lakes are designated navigational waters (including shorelines). The high-water mark signifies the area one is able to navigate. This means you can walk, run, skip, etc. along the shores. You can't however loiter, camp, sunbath in front of someones property. Informational signs may be helpful to owners and visitors. Our Great Lakes are a treasure that should be enjoyed by all. PS We should all be concerned that the Long Beach, Indiana community is on septic systems.

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