This Week
  • The first apartments will be ready next spring at Southpoint Cove in Penfield.

  • Research and development efforts in construction come from collaboration.

  • CEO Dawn Smith worked her way up through the ranks at Pace Electronics of Sodus.

  • Aloi Solutions LLC is focusing on automation and integration to grow.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

  • The new edition of Explore Greater Rochester is here.

Bankruptcy filings again decline in the region

Rochester Business Journal
December 3, 2012

An unbroken slide of more than a year in the region’s bankruptcy filings continued in November.

In November, bankruptcies filed in the federal Western District of New York’s nine-county Rochester division fell to 160, showing an 18 percent decline from the 196 petitions filed in the region in November 2011. Area filings in the first 11 months of 2012 showed a 14 percent drop, falling from 2,301 in 2011 to 1,976.

The division’s November filings included 120 Chapter 7 cases, 39 Chapter 13 cases and one Chapter 11. Chapter 7 filers seek to discharge debts by liquidating assets and using the proceeds to fully or partly pay off creditors. Chapter 11 and Chapter 13 petitioners seek creditors’ permission to fully or partly pay debts without liquidating.  

Counties included in the federal Rochester division are: Monroe, Livingston, Ontario and Wayne. It also includes Chemung, Schuyler, Seneca, Steuben and Yates counties.

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


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google