This Week
  • New federal employment rules promise to bring a tsunami of change.

  • Distributed Technology Group was acquired by Accunet Solutions, a Boston-based technology company.

  • Meredith Dragon has taken the reins at the Jewish Federation of Greater Rochester.

  • After a merger or acquisition, banks must make all the pieces work together.

  • This year's supplement features an interview with Danny Wegman.

  • Ilana Griffo is a letterer, business owner and lifelong learner.

Region's bankruptcy filings continue to decline

Rochester Business Journal
November 2, 2012

Rochester-area bankruptcy filings last month continued a more than yearlong decline.

Filings in the federal court’s nine-county Rochester division dropped 5.3 percent in October, falling to 162 from 171 a year ago.

Year-to-date filings were down 13.7 percent, falling to 1,816 from 2,105 in the first 10 months of 2011. The court’s Rochester region includes the counties of Monroe, Ontario, Livingston, Wayne, Seneca, Yates, Steuben, Schuyler and Chemung.

In October, 111 area bankruptcy petitioners filed Chapter 7 cases and 51 filed Chapter 13s. There were no Chapter 11 cases filed.

Chapter 7 filers sell assets to create a fund to pay creditors some or all of what they are owed. Chapter 13 filers, usually consumers, and Chapter 11 filers, which are most often businesses, make plans subject to creditor and court approval to pay some or all of their debts over time.

(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