Rochester Business Journal

Rochester-area bankruptcy filings fell steeply in June, showing a 36.6 percent drop from a year ago.

There were 156 bankruptcy petitions filed last month across the Western District of New York’s nine-county Rochester division. That is down from 246 last year. The June filings included 106 Chapter 7 and 50 Chapter 13 petitions. There were no Chapter 11 petitions filed.
 
Chapter 7 filers seek to liquidate assets to partly or fully pay their debts. Chapter 13 and Chapter 11 filers make plans to fully or partly pay creditors over time. The federal courts’ Rochester division spans the counties of Monroe, Livingston, Wayne, Ontario, Seneca, Yates, Steuben, Schuyler and Chemung.

The region’s June drop continues a more than yearlong trend. As of June 30, area bankruptcy filings for the year were down 13.9 percent, falling to 1,163 from 1,350 in the first half 2011.  

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.