Nevada Bankruptcy Filings Increase, Court Reports
The number of those filing bankruptcy in the state rose nearly 14 percent in April, according to the state bankruptcy court.
A recent report from the U.S. Bankruptcy Court of Nevada showed an increase in the number of people filing.
When compared to the same month last year, April 2010 filings are up almost 14 percent. In all, filings increased by 2,847 for the month, including 2,172 petitions for Chapter 7 bankruptcy.
April of last year saw 1,829 Chapter 7 bankruptcy filings in the state. However, Chapter 13 bankruptcy filings fell from 645 to 629 when comparing the two months.
While April saw a rise in bankruptcies in Nevada, May saw an increase at the national level. According to the American Bankruptcy Institute, filings were up 9 percent when compared to May of last year. The ABI relied on information from the National Bankruptcy Research Center in its report.
"Consumer filings this year remain on track to top 1.6 million filings," ABI executive director Samuel Gerdano said.
However, the number of those filing bankruptcy declined by 6 percent when comparing April and May of 2010.
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