Wednesday, March 13, 2013
Orange County bankruptcy filings continued their year-over-year decline in January, according to data from the U.S. Bankruptcy Court for the Central District of California. A total of 1,037 individuals and businesses filed for bankruptcy during the month, down 23.1 percent from a year earlier but 5.8 percent higher than in December.Filings continue to be high by historical standards. In January, 2006, 89 bankruptcies were filed in the Santa Ana federal court. January bankruptcy filings also declined in nearby counties and the central district, which stretches from San Luis Obispo to the Arizona border. In Los Angeles County, 2,858 bankruptcies were 25.5 percent lower than a year earlier and in Riverside and San Bernardino counties, 1,944 bankruptcies were 26.7 percent below the January 2012 filings. Districtwide, 6,840 bankruptcies were filed in January, down 26.3 percent, according to the court.
Posted by Bill Ponath Law at Wednesday, March 13, 2013