What You Should Know About Bankruptcy In Puerto Rico
March 23, 2023
What You Should Know About Bankruptcy In Puerto Rico In 2021 Puerto Rico’s debt was estimated to be around $74 billion, which is a significant burden for a territory with a population of about 3.2 million people. Puerto Rico’s debt crisis has been building for several years, driven in part by factors such as a…
Considering Bankruptcy In New Jersey? Consider The Alternative First
March 23, 2023
Considering Bankruptcy In New Jersey? Consider The Alternative First According to data from the United States Courts, there were 9,467 bankruptcy filings in New Jersey in the 12-month period ending on September 30, 2020. Of these filings, 6,947 were Chapter 7 bankruptcies, which involve the liquidation of assets to pay off debts, and 2,514 were…
Consider Your Options Before Filing For Bankruptcy In Florida
March 22, 2023
Consider Your Options Before Filing For Bankruptcy In Florida According to the United States Courts, the Middle District of Florida had the highest number of bankruptcy filings among all the districts in Florida in 2021. Middle District of Florida had 36,786 total filings (26,047 Chapter 7 filings, 10,080 Chapter 13 filings, 659 Chapter 11 filings),…
An Alternative To Bankruptcy In New York
March 22, 2023
An Alternative To Bankruptcy In New York According to the United States Bankruptcy Court for the Southern District of New York, which includes Manhattan, the Bronx, and Westchester County, the total number of bankruptcy filings in 2020 was 6,942. As of September 2021, the total debt of New York State was approximately $70 billion. This…
Bankruptcy In Arkansas: The Alternative To Consider
March 21, 2023
Bankruptcy In Arkansas: The Alternative To Consider In 2020, there were a total of 10,020 bankruptcy filings in the state of Arkansas, according to statistics provided by the United States Courts. Of those, 8,908 were filed under Chapter 7 bankruptcy, 1,065 were filed under Chapter 13 bankruptcy, and 47 were filed under Chapter 11 bankruptcy.…