Bankruptcy Filings Are Higher in September 2014
For the first time this year, the September bankruptcy filings statistics show an increase in bankruptcy filings, when comparing September 2014 filings with those of September 2013. From January through August, each month reported lower bankruptcy filings when compared to the same months in 2013. Each month, the United States Bankruptcy Court, District of Utah, lists the number of bankruptcy filings for the past month. See http://www.utb.uscourts.gov/. The court also breaks down the filings under Utah Chapter 7 bankruptcy, Utah Chapter 13 bankruptcy, Utah Chapter 11 bankruptcy, and Utah Chapter 12 bankruptcy filings.
Bankruptcy Filing Statistics 2014
As illustrated by the District of Utah’s bankruptcy filing statistics, bankruptcies increased by 9% when comparing September 2014 to September of last year.
The graph further shows an increase in bankruptcy filings from the months of August and September 2014: Chapter 7 bankruptcy filings increased from 750 to 792, Chapter 13 bankruptcy filings increased from 434 to 440, Chapter 11 bankruptcy filings increased from 1 to 2, and Chapter 12 bankruptcy filings remained at 0, according to Utah bankruptcy attorney Pearson Butler Law. Prior to the increasing numbers in September, each month of YR 2014 has had fewer bankruptcy filings than during the same months of YR 2013.
Contact a Utah Attorney
For more information, contact a Utah bankruptcy attorney at Pearson Butler. Feel free to speak with a Utah attorney and schedule a free bankruptcy consultation, call (800) 265-2314.