The Administrative Office of the U.S. Courts recently reported that only 19 out of 94 districts in the country experienced increases in bankruptcy filings in the year ending June 2011.

Some districts that saw an increase in bankruptcy filings included the Southern District of Florida and the Central Districts of Utah and California.

Overall, total bankruptcies filed in the U.S. in the year ending June 2011 were 2.7 percent lower than the number of bankruptcies filed in the year ending June 2010.

Chapter 11 filings experienced the biggest decrease of 11 percent.  Chapter 12 filings decreased by 9 percent, Chapter 7 filings decreased by 4 percent, and Chapter 13 bankruptcies decreased by 2 percent.

If you or someone you know is seeking assistance with the Chapter 13 bankruptcy filing process in Milwaukee, contact the Milwaukee Chapter 13 bankruptcy lawyers of DeLadurantey Law Office, LLC at 414-377-0518 to learn more about how we can help you.

Despite recent declines in the number of chapter 7 personal bankruptcies being filed across the country, chapter 13 bankruptcy filings and new bankruptcy filings are on the rise in Wisconsin.

According to statistics release last week by the U.S. Bankruptcy Court for the Eastern District of Wisconsin in Milwaukee, this year’s chapter 7 bankruptcy filings are down by 8.5 percent from last year.

However, statistics show that more affluent Wisconsin residents are choosing to file for chapter 13 in an attempt to avoid home foreclosure.  Year-to-date, chapter 13 bankruptcy filings have increased by 9 percent to a total of 2,158.  Furthermore, the number of chapter 13 personal bankruptcy filings has increased in Wisconsin in 10 out of the past 12 months.

Lastly, statistics released by the bankruptcy court revealed that new bankruptcy filings in Wisconsin are still higher than they were in 2008 and 2009.

If you would like to learn more about filing for chapter 13 bankruptcy in Milwaukee, contact the Milwaukee chapter 13 bankruptcy attorneys of DeLadurantey Law Office, LLC by calling 414-377-0518 today.

According to the American Bankruptcy Institute and National Bankruptcy Research Center, the number of personal bankruptcy filings filed in the United States last month was 14.8 percent lower than the number of personal bankruptcies filed in April.  114,803 personal bankruptcies were filed in the month of May.

When comparing the first 5 months of this year and the first 5 months of last year, personal bankruptcy filings have declined by 8.4 percent.  Compared to May 2010, personal bankruptcy filings in May 2011 were 15.7 percent lower.

Last year, the total number of personal bankruptcies filed in the United States was the highest it had been since significant changes were made to bankruptcy laws in the U.S. in 2005.

Contact the Milwaukee personal bankruptcy attorneys of DeLadurantey Law Office, LLC at 414-377-0518 today, if you or someone you know is considering filing for chapter 7 or chapter 13 bankruptcy.

Last month, a former delegate from Virginia and his wife filed for chapter 13 bankruptcy.  The couple listed assets of more than $520,000 and debts of $594,00 in their bankruptcy filing.

In filing for chapter 13 bankruptcy, the couple has three to five years to pay back creditors.  According to the couple’s payment plan as approved by the bankruptcy court, the two will pay their creditors $400 a month for the first six months and $1,320 for the remaining 54 months.

One of the  couple’s largest creditors, the Internal Revenue Service, is owed $4,000.  Another $1,000 is owed to the state of Virginia for unpaid taxes.

Contact the Milwaukee Chapter 13 bankruptcy attorneys of DeLadurantey Law Office, LLC at 414-377-0518 if you or someone you know would like to learn more about establishing a chapter 13 repayment plan.