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Thursday, August 28, 2008
Courts - More on: "Bankruptcy Filings Near Million Mark for 12-Month Period Ending June 30, 2008"
Supplementing this ILB entry yesterday is a story today in the Indianapolis Star, reported by John Russell and Ted Evanoff, that has an Indiana focus. Headed "Bankruptcy filings are soaring in Indiana: As bankruptcies rise, Indiana ranks 5th on a per-capita basis for all types of filings", it begins:
Bankruptcy filings in Indiana have soared 26.5 percent, the latest sign that the economy is slowing down and taking a toll on businesses and households.The Hoosier state ranked second nationally for business filings per 1,000 residents, behind only Michigan, which has been hurt by a shift in auto manufacturing from large cars and trucks to more fuel-efficient vehicles.
For individual filings in the 12 months that ended June 30, Indiana ranked eighth nationally per capita, behind first-place Tennessee.
For bankruptcy filings of all types, Indiana ranked fifth nationally per capita, behind Tennessee, Georgia, Alabama and Nevada.
Posted by Marcia Oddi on August 28, 2008 09:50 AM
Posted to Indiana Courts