This Week
  • Technology and other factors have brought big changes to commercial building.

  • DHD Ventures plans to spend $20 million to renovate two city buildings.

  • From Morocco, Joseph Squalli traveled far to become Rooney's Restaurant owner.

  • Gates Automotive Centers grows by connecting with customers.

  • RocMusic director Alexander Pena rallies young music makers.

  • Challenges mount for area companies that do business in Russia.

Region's bankruptcy filings decline in May

Rochester Business Journal
June 4, 2013

Area bankruptcy filings were down 4.2 percent in May, dropping from 214 filed in May 2012 to 205 last month.

So far this year, bankruptcy filings in the Western District of New York’s Rochester division are down 10.3 percent with 903 cases filed versus 1,007 filed in the first five months of 2012.

Last month, 150 Rochester-area filers asked to discharge debts through Chapter 7 cases, 53 filed Chapter 13 cases and two sought Chapter 11 protection.

Chapter 7 filers seek to liquidate assets to pay creditors amounts ranging from zero to 100 percent of what they owe. Chapter 11 and Chapter 13 filers propose to pay creditors part or all of what they owe over time.

The federal courts’ Rochester division spans nine counties: Monroe, Livingston, Ontario and Wayne, along with Chemung, Schuyler, Seneca, Steuben and Yates.

(c) 2013 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