Loading…
Wednesday, August 20, 2014
Current Weather
Loading Current Weather....
Published: Saturday, 6/2/2007

Bankruptcy filings up 74 percent for area

Filings in U.S. Bankruptcy Court in Toledo were up 74 percent last month and are up 84 percent for the first five months of 2007, the court reported yesterday.

Bankruptcies in the 21-county northwest Ohio region have steadily risen this year after a precipitous drop last year, following bankruptcy-law changes in late 2005 that boosted filing costs and mandated credit counseling.

Filings in May totaled 581, versus 334 in May, 2006. For the year, there were 2,330 cases, up from 1,270 in the same period a year ago. For 2006, there were 3,837 filings, down from the record of 16,883 in 2005.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.






Poll