Bankruptcy filings continue decreasing nationwide, in Indiana

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Filings for bankruptcy protection are continuing to drop nationwide, with personal and business bankruptcy filings falling 11.7% for the 12-month period ending Sept. 30.

According to statistics released by the Administrative Office of the U.S. Courts, the September 2022 annual bankruptcy filings totaled 383,810, compared to 434,540 cases in the previous year.

Business filings fell 18.7% nationwide, from 16,140 to 13,125 in the year ending in September 2022, while nonbusiness bankruptcy filings fell 11.4% to 370,685, compared to 418,400 the previous year.

However, filings for Chapter 13 increased 26.6%, from 117,784 to 149,077, in the year ending Sept. 30, data shows.

The U.S. District Court for the Southern District of Indiana saw a 12.5% decrease in filings for the 12-month period ending Sept. 30, with 8,042 cases filed total. The Indiana Northern District also saw a decrease, with 5,080 bankruptcy cases filed — down 13.4% from 2021.

Of the Indiana Southern District’s 8,042 filings, 4,814 were for Chapter 7 bankruptcy, 32 were Chapter 11 and 3,193 for Chapter 13. Three other cases filed were for other chapters.

In the Indiana Northern District, 3,205 of the total filings were for Chapter 7 bankruptcy, 24 were for Chapter 11 and 1,851 for Chapter 13.

The most cases were filed in Marion County, with 2,420 filed across all chapters. Also in the Indiana Southern District, 466 filings occurred in Vanderburgh County and 351 in Hamilton County.

By county in the Indiana Northern District, 748 cases were filed in Allen County, 1,583 were filed in Lake County — the second-highest in the state — and 414 were filed in Porter County.

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