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. I think the cops are doing a great job locking up criminals. The Murder rates in the inner cities are skyrocketing and you think that too any people are being incarcerated. Maybe we need to lock up more of them. We have the ACLU, BLM, NAACP, Civil right Division of the DOJ, the innocent Project etc. We have court system with an appeal process that can go on for years, with attorneys supplied by the government. I'm confused as to how that translates into the idea that the defendants are not being represented properly. Maybe the attorneys need to do more Pro-Bono work

  2. We do not have 10% of our population (which would mean about 32 million) incarcerated. It's closer to 2%.

  3. If a class action suit or other manner of retribution is possible, count me in. I have email and voicemail from the man. He colluded with opposing counsel, I am certain. My case was damaged so severely it nearly lost me everything and I am still paying dearly.

  4. There's probably a lot of blame that can be cast around for Indiana Tech's abysmal bar passage rate this last February. The folks who decided that Indiana, a state with roughly 16,000 to 18,000 attorneys, needs a fifth law school need to question the motives that drove their support of this project. Others, who have been "strong supporters" of the law school, should likewise ask themselves why they believe this institution should be supported. Is it because it fills some real need in the state? Or is it, instead, nothing more than a resume builder for those who teach there part-time? And others who make excuses for the students' poor performance, especially those who offer nothing more than conspiracy theories to back up their claims--who are they helping? What evidence do they have to support their posturing? Ultimately, though, like most everything in life, whether one succeeds or fails is entirely within one's own hands. At least one student from Indiana Tech proved this when he/she took and passed the February bar. A second Indiana Tech student proved this when they took the bar in another state and passed. As for the remaining 9 who took the bar and didn't pass (apparently, one of the students successfully appealed his/her original score), it's now up to them (and nobody else) to ensure that they pass on their second attempt. These folks should feel no shame; many currently successful practicing attorneys failed the bar exam on their first try. These same attorneys picked themselves up, dusted themselves off, and got back to the rigorous study needed to ensure they would pass on their second go 'round. This is what the Indiana Tech students who didn't pass the first time need to do. Of course, none of this answers such questions as whether Indiana Tech should be accredited by the ABA, whether the school should keep its doors open, or, most importantly, whether it should have even opened its doors in the first place. Those who promoted the idea of a fifth law school in Indiana need to do a lot of soul-searching regarding their decisions. These same people should never be allowed, again, to have a say about the future of legal education in this state or anywhere else. Indiana already has four law schools. That's probably one more than it really needs. But it's more than enough.

  5. This man Steve Hubbard goes on any online post or forum he can find and tries to push his company. He said court reporters would be obsolete a few years ago, yet here we are. How does he have time to search out every single post about court reporters and even spy in private court reporting forums if his company is so successful???? Dude, get a life. And back to what this post was about, I agree that some national firms cause a huge problem.