Bankruptcy Statistics

Posted by Kevin on January 9, 2012 under Bankruptcy Blog | Be the First to Comment

It appears that the economy is getting better.  On a national level, bankruptcy filings went from 132,173 in October, 2010 to 106,255 in October 2011.  This is a reduction of 19.6%.  In New Jersey, bankruptcy filings went from 3,511 to 2,995 over the same period of time.  That is a reduction of 14.7%.  Not as good as the national numbers, but still pretty good.

Now, does that mean the economy is getting better, or does it mean that people are so bad off that they don’t have enough money to file bankruptcy?

Read more of this article »

Saturday Night’s all right for fightin’- except in bankruptcy

Posted by Kevin on August 13, 2011 under Bankruptcy Blog | Be the First to Comment

The object of a consumer bankruptcy is to get a discharge of your debts.  That means that you do not have to pay them back.  The Code, however, has certain exceptions to discharge.  Among them is a debt for willful and malicious injury by the debtor to another person or the property of another person or entity.

Read more of this article »