In July, the number of consumer bankruptcies fell by 18 percent from where they were last July. According to data from the American Bankruptcy Institute, the total number of consumer filings across the nation reached 113,470, which is down from 137,698. July marked the 7th straight month that there were fewer bankruptcies. The July 2011 [...]
The foreclosure rate has declined considerably across the country in many metropolitan areas,but there are 15 areas that are still being hit hard. And although rates are falling, the rates still overall remain high. In fact, one in every 111 houses had a foreclosure filing in the first half of this year. The top 15 [...]
Bankruptcy filings have fallen in the Toledo area for the 11th month in a row. Last month in the Toledo court, there were 534 new bankruptcy cases filed. This is down from 734 that were filed last July. This court covers 21 northwest Ohio counties. With the number of filings in July added to the [...]
According to RealtyTrac, a company that collects foreclosure data, there was a 19% drop in foreclosure rates for the Florida-Middleton area from May to June of this year. Compared to May-June 2010, foreclosure rates have dropped 37%. In May, there were 1, 471 filings for foreclosure and only 1, 193 last month. Although national foreclosure [...]
According to a report issued by the Columbus Board of Realtors, 40 percent of all homes sold in Ohio during the first half of 2011 were foreclosed. This is similar to the national rate that states that 30 percent of all homes purchased are foreclosures. Although foreclosed homes accounted for 36 percent of all homes [...]
The Ann Arbor-based bookseller, Borders, that has already closed 399 stores, will now be liquidating their stores on Friday. The bookstore failed to get the bids that would keep the store in business and it is now seeking approval from the courts to sell its assets. As of this week, 10, 700 employees have already [...]
The number of foreclosures in Ohio have risen in the month of June, but are still lower than the were at this time last year. The number of foreclosures that were filed in Ohio in the month of June are up 3.5 percent from May. This means that there were 8,671 filings in June which [...]
When you are in debt or financial trouble, creditors may begin to harass you with phone calls. In some cases, illegal tactics will be used in order for collection agencies to get your money. The Federal Trade Commission prohibits this from happening in the Fair Debt Collection Practices Act. This means that they can not [...]
Bankruptcy filings in Dayton have fallen for the first time since 2006. The filings represent only the first 5 months of the year and the first drop has been attributed to an overhaul of bankruptcy laws done by Congress. Some attorneys in the area have said that the other part of the downfall can be [...]
In June, a total of 120,623 people in the United States filed for personal bankruptcy. Compared to a month before, this is a 6.6 percent drop. A professor at the University of Illinois College of Law specializing in bankruptcy estimates that personal bankruptcies will be 5 to 10 percent lower this year than last year. [...]
Barber Foods has announced that they will be cutting jobs after being sold to an Ohio-based company late last month. Officials have said that the layoffs do not have anything to do with the acquisition, but because of new processing equipment that has been in development for a year. AdvancePierre were two companies that emerged [...]
With all the attention on foreclosures in the state of Ohio there are still many people that do not know what to do if they are beginning to fall behind on housing payments. Here are some tips that can be used in order to clear up myths about foreclosure. First, something important to remember is [...]
Forum Health Inc., which was once one of the largest healthcare providers in certain Ohio areas, t has fees up to $26 million that have been approved by the U.S. Bankruptcy Court that will be used to compensate those involved in the bankruptcy case. The two-year-old bankruptcy case is now working its way to conclusion. [...]
The state of Oregon is hoping that the legislature passes a new law that will help to protect those in foreclosure. The current law gives the homeowners very little protection and the new bills on the subject will look to close loopholes. Senate Bill 827A and 826 are two of the bills looking to help [...]
Bankruptcy filings are reportedly down by 21 percent for the second consecutive month from this time last year. May also was the ninth straight month filings had fallen. Some have said that the local economy has not improved, but the caseloads by local attorneys are decreasing because fewer people are seeking debt relief. Some who [...]
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