KentuckyBankruptcy

Total Bankruptcy Filings Down 21%

10/09/12

A recent Press Release from the American Bankruptcy Institute confirms that bankruptcy filings are on a downward trend.  In September of 2011, a total of 110,410 noncommercial bankruptcy cases were filed in the United States.  In September of this year, 87,492 noncommercial bankruptcy cases were filed, which represents a 21% decrease.

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Bankruptcy Filings Up 20% in June

08/17/10

Click on the image above to see a larger version of a map demonstrating bankruptcy filings per capita by county in the United Sta

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Bankruptcy Filings Up 20% in June

08/17/10

Click on the image above to see a larger version of a map demonstrating bankruptcy filings per capita by county in the United Sta

[more]

FBI Reports that the Bankruptcy System is used to Perpetrate Foreclosure Rescue Schemes

08/04/10
A recent FBI Intelligence Assessment describes use of the bankruptcy process in foreclosure avoidance schemes. The foreclosure rescue schemes occur when spurious individuals promise to save a home from foreclosure after a mortgage default in order to extract monthly fees from desperate homeowners. The perpetrators of the fraud then file fraudulent bankruptcy petitions to delay the foreclosure and maximize monthly fees.
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FBI Reports that the Bankruptcy System is used to Perpetrate Foreclosure Rescue Schemes

08/04/10
A recent FBI Intelligence Assessment describes use of the bankruptcy process in foreclosure avoidance schemes. The foreclosure rescue schemes occur when spurious individuals promise to save a home from foreclosure after a mortgage default in order to extract monthly fees from desperate homeowners. The perpetrators of the fraud then file fraudulent bankruptcy petitions to delay the foreclosure and maximize monthly fees.
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Kentucky Debtors in Bankruptcy Have Among the Lowest Average Assets and Debts

07/27/10


The inaccurately named "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" mandates the United States Courts to track certain statistics.

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Kentucky Debtors in Bankruptcy Have Among the Lowest Average Assets and Debts

07/27/10


The inaccurately named "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" mandates the United States Courts to track certain statistics.

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Stonewall Stallions Files Bankruptcy

07/21/10
Prominent thoroughbred owner Stonewall Farm Stallions filed bankruptcy on June 20, 2010. In its Bankruptcy Petition, the large horse operation lists Fifth Third Bank and Harleysville National Bank among the largest creditors with debts of approximately $1,000,000.00 each. JP Morgan Chase Bank is listed with a debt of $500,000.00.
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