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Buffalo sees decrease in bankruptcy filings

Posted on Monday, October 10th, 2011 at 3:00 pm    

Western New York has followed a national trend of seeing a decrease in bankruptcy filings in the month of September. One exception to this has been seen in the number of Chapter 13 filings which have increased possibly due to tax foreclosure auction that recently occurred.

According to the U.S. Bankruptcy Court, the number of bankruptcy filings in Rochester and Buffalo in September were at 603. This is over a 14 percent decrease from this time a year ago.

The city of Buffalo had a 6 percent decrease with 421 cases filed and Rochester had a 29.7 percent decrease with 182 filed. The courts stated that the Chapter 13 bankruptcy filings increased in Buffalo with 136 filed in September, the most filed in one month this year.

If you or a loved one are considering filing for bankruptcy, you need experienced representation on your side that will help the process seem less intimidating. Contact the Joliet Chapter 13 bankruptcy lawyers of the Law Office of Stuart B. Handelman by calling 815-722-2201 today.