Fewer than 1,500 bankruptcy cases were filed during the first three months of the year in U.S. Bankruptcy Court for the Western District of Michigan in Grand Rapids, which includes Clinton, Eaton and Ingham counties.
It was the first time since 1995 that total filings dropped below 2,000 cases for a quarter, court statistics show. Bankruptcies spiked for the last three months of 2005 to 7,886 cases as filers rushed to beat the tougher rules that took effect Oct. 17, 2005. That follows a national trend
Filings for the first three months of 2006 hit their lowest level since 1985, according to the Bankruptcy Court.
Thursday, June 15, 2006
Fewer Bankruptcies in Western District of Michigan.
Lansing State Journal: Is bankruptcy reform working?
