The area’s May bankruptcy filings were virtually even with a year ago.
Filings in the Western District of New York’s Rochester division last month showed a less than 1 percent decline, falling 0.9 percent from 216 in May 2011 to 214 last month. Bankruptcies in the nine-county Rochester division showed an 8.8 percent drop through the first five months, falling from 1,104 last year to 1,007.
Counties in the Rochester division include Monroe, Livingston, Ontario and Wayne. Others in the division are Chemung, Seneca, Schuyler, Steuben and Yates.
In the division, 156 petitioners filed Chapter 7 cases and 56 filers sought Chapter 13 protection in May. There were two Chapter 11 cases filed in the month. Chapter 7 filers seek court permission to liquidate assets to pay off debts. Chapter 13 and Chapter 11 filers file plans to partially or fully pay creditors over time. Chapter 11 petitioners are usually businesses seeking court protection to reorganize.
Also, Western District Chief Bankruptcy Judge Carl Bucki on June 1 announced the permanent appointment of Lisa Beaser as Western District Bankruptcy Court clerk. Formerly deputy court clerk, Beaser had been named acting clerk in March following the appointment of the former clerk, Paul Warren, to the Rochester division’s Bankruptcy Court judgeship.
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