Personal Bankruptcies Decline in January

Job Creation, Wages and Personal Bankruptcies on the Rise.. Respondents reporting higher pay more than doubled to 26 percent, while those reporting a decline in wages slipped to 6 percent from 7 percent in January. The net reading for wages and salaries – planned increases minus planned cuts – was 20, the highest reading since January.

Total bankruptcy filings for the month of February 2017 increased 6 percent compared to the 55,237 total filings registered in January 2017. Total noncommercial filings for February, 55,539, represented a 6 percent increase from the January 2017 noncommercial filing total of 52,419.

 · While it’s also the sixth consecutive year that bankruptcy filings have fallen, 2016 saw the decline at its slowest – 5.9 percent for the year. It was the first calendar year that the rate of annual decline was less than 10 percent.

"After 17 consecutive years of steady decline, business insolvencies in Canada have reached a plateau and will likely rise in 2019.

The quarterly personal insolvency statistics for the June quarter 2013 show that personal insolvency activity declined by almost 1.4% when compared to the june quarter 2012. interestingly NSW, QLD, WA and Tasmania all recorded falls in personal insolvency activity whereas Victoria, SA, ACT and Northern Territory all recorded increases.

Personal filings declined. continue to be reflected in fewer bankruptcy filings,” ABI Executive Director Samuel J. Gerdano said in a statement. “As these trends persist, expect bankruptcy filings.

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But after hitting record levels in 2005 (paywall), personal bankruptcy filings are are now in their twelfth straight year of decline. US federal court records show a 50% drop since 2010 from 1.5 million to 766,00 last year with no signs of abating. Isolating the reasons remains difficult.

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"Personal Bankruptcies Begin Sharp Decline: millennium data update," Short Report, Department of Economics, University of Maryland, 18 January 2000. (169 KB) (169 KB) "Adverse Selection in the credit card market," Working Paper, Department of Economics, University of Maryland, 17 June 1999.

Bankruptcy filings fell by 1.8 percent for the 12-month period ending September 30, 2017, compared with the year ending September 30, 2016. This is the smallest one-year drop since a national decline in annual federal bankruptcy filings began in June 2011.

N.M. sees a decline in personal bankruptcy filings. Published: Sunday, January 22nd, 2012 at 12:05am.. although 2011’s decline in bankruptcy filings coincided with a substantial drop in.

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