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O.C. bankruptcies rise 28 percent last year
A total of 18,863 businesses and individuals filed in 2010.
By Kristen SchottPublished: January 24, 2011 09:31 AM
Some 18,863 individuals and businesses filed for bankruptcy last year, up 28 percent from 2009, when numbers totaled 14,739, according to new stats from the U.S. Bankruptcy Court for the Central District.
Chapter 7 filings dominated in 2010; a total of 15,764 were reported in the period. That number is up 26.7 percent from 2009. Chapter 13 bankruptcies saw the next largest total, with about 2,894 reported. That number is up 42.1 percent from the prior year.
Chapter 11 bankruptcies, on the other hand, dropped 21.3 percent. There were a total of 203 filings, according to the stats.
For the entire seven-county Central District – which includes Orange, L.A., Riverside, San Bernardino, Santa Barbara, Ventura and San Luis Obispo – a total of 142,802 individuals and businesses filed for bankruptcy in 2010, up 35.1 percent from 2009.
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Chapter 7 filings dominated in 2010; a total of 15,764 were reported in the period. That number is up 26.7 percent from 2009. Chapter 13 bankruptcies saw the next largest total, with about 2,894 reported. That number is up 42.1 percent from the prior year. Chapter 11 bankruptcies, on the other hand, dropped 21.3 percent. There were a total of 203 filings, according to the stats. For the entire seven-county Central District – which includes Orange, L.A., Riverside, San Bernardino, Santa Barbara, Ventura and San Luis Obispo – a total of 142,802 individuals and businesses filed for bankruptcy in 2010, up 35.1 percent from 2009. Related headlines O.C. employers cut 2,200 jobs in December Seychelle sees sixth consecutive quarterly profit John Wayne sees traffic decline in December |
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