Court Reports Increase in California Bankruptcy Filings


The U.S. Bankruptcy Court for the Central District of California reported recently that certain types of bankruptcy filings increased during the first four months of the year.



The U.S. Bankruptcy Court for the Central District of California reported recently that certain types of bankruptcy filings increased during the first four months of the year.

For example, Chapter 13 bankruptcy filings were up 42 percent when compared to the same time in 2009. In all, 9,256 filings were made with the court, up from the 6,503 seen the year prior.

Totals for Chapter 7 bankruptcy filings amounted to 34,176 for 2010 compared to the 23,502 in the year before. These types of filings increased 45 percent, according to the court.

While Chapter 11 bankruptcies declined 5 percent for the reporting period, the overall number of filings reported to the Central District of California increased 44 percent. In all, 43,827 bankruptcies were seen from January to April.

Nationally, the number of people filing bankruptcy increased 32 percent between 2008 and 2009. Chapter 7 bankruptcy filings were up 41 percent, while Chapter 13 rose 12 percent. In all, 1.47 million bankruptcy petitions were seen during in 2009, the most since new regulations took effect in 2005.

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