Bankruptcy Filing Numbers

Well, it appears that the number of cases being filed in 2012 is down from 2011.  This is based upon information in a report issued by the US Courts through March 2012.

What does it mean?  Unemployment is still up.  Real estate prices are not going up as foreclosures continue to rise in order to relieve the backlog of distressed properties on the market, as stated in a recent article.  Although interest rates are down, that is little help when there is no equity in properties

The reality may be tough for anyone.  There is still a long way to go.  If there are questions that we can answer for you, please contact our office.

Knowledge is power.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s