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16 percent fewer bankruptcies filed in central Illinois in 2011

Posted on Thursday, February 2nd, 2012 at 4:49 pm    

Last year, 8,821 bankruptcies were filed at the U.S. Bankruptcy Court for central Illinois in Springfield–16 percent fewer than the total number of bankruptcies that were filed in 2010.

10, 498 people filed for bankruptcy in central Illinois in 2010.  Last year’s bankruptcy filings were the lowest in central Illinois in 3 years, when 7,663 bankruptcies were filed in 2007.

1,700 of the bankruptcy filings filed in central Illinois in 2011 were Chapter 13 filings.  Most of the bankruptcy filings were Chapter 7 filings, with more than 7,000 people filing for Chapter 7 bankruptcy at the Springfield court last year.

Nationwide, bankruptcies decreased by 12 percent in 2011.

To learn more about filing for Chapter 7 bankruptcy, contact the Joliet Ch. 7 bankruptcy lawyers of the Law Offices of Stuart B. Handelman, P.C. by calling 815-722-2201 today.