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Bankruptcy filings are continuing to climb nationally, with a 13% increase for the 12-month period ending Sept. 30 compared to the same span of months a year prior, according to data from the Administrative Office of the U.S. Courts.
That trend is also true in Indiana.
The Indiana Northern District saw a 12.7% increase, and the Southern District saw a 5.7% increase. The number of cases terminated were down 7% and 8.7% in each district, respectively.
The upward trend matches what bankruptcy attorneys have been anticipating — although their pandemic-related predictions were a bit delayed.
There were 5,666 nonbusiness filings in Indiana for the most recent 12-month period to go along with 59 business filings.
Marion County had the most nonbusiness filings statewide at 2,525. Lake County paced the Northern District with 1,629 nonbusiness filings.
Bankruptcy filings in the 7th District overall were up 9.4%. The Illinois Northern District had the highest increase at 13.2%, and the Wisconsin Western District had the smallest increase at 1.3%.
The 2nd District — Connecticut, New York and Vermont — had the highest increase in filings at 22.4%. No district saw a decrease in filings.
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