Tag Archives: Bankruptcy Filings
Bankruptcy Filings Increase
After several consecutive years of steady decline, consumer bankruptcy filings increased 6 percent in 2016. According to a report, Illinois had the second-highest number of new bankruptcy filings in the country for December 2016. Alabama and Tennessee had the highest per capita filing rates, continuing a trend of more bankruptcies in the South than… Read More »
Your Bankruptcy And Your Security Clearance
Federal law clearly states that it is illegal to discriminate against people who file bankruptcy, yet the myth persists among some people that a voluntary petition adversely affects security clearances. One of the most important provisions in Department of Defense Directive 5220.6, which controls security clearance issuance, is in the preamble: “each [area] is… Read More »
Bankruptcy Filings Down 6 Percent Across The U.S., Yet Many Bankruptcy Petitions Still Being Filed In Illinois
Now that the first half of 2016 has come and gone, analysts at the American Bankruptcy Institute (ABI) have surveyed American bankruptcy trends over the last six months and have released their findings. The ABI reports that between January 1st and June 30th of this year the total number of bankruptcy filings in the… Read More »