{"id":6372,"date":"2021-12-19T10:00:00","date_gmt":"2021-12-19T15:00:00","guid":{"rendered":"https:\/\/hoorfarlaw.com\/blog\/?p=6372"},"modified":"2021-12-16T17:05:38","modified_gmt":"2021-12-16T22:05:38","slug":"bankruptcy-filings-continue-to-fall-sharply","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=6372","title":{"rendered":"Bankruptcy Filings Continue to Fall Sharply"},"content":{"rendered":"\n<p>Personal and business bankruptcy filings fell 29.1 percent for the 12-month period ending Sept. 30, 2021. A steady decline in filings has continued since the coronavirus (COVID-19) crisis began. \u00a0<\/p>\n\n\n\n<p>Business filings fell 27.9 percent, from 22,391 to 16,140 in the year ending Sept. 30, 2021. Non-business bankruptcy filings fell 29.1 percent, to 418,400 compared with 590,170 in the previous year.<\/p>\n\n\n\n<p>The 12-month percentage drop nearly matched the previous quarterly filings report, when new bankruptcies filed in the 12 months ending June 30, 2021, were 32.2 percent lower than in June 2020.<\/p>\n\n\n\n<p>Unemployment temporarily spiked in March 2020, when the COVID-19 emergency intensified. However, several factors may have impacted individuals\u2019 decisions about whether to file for bankruptcy since the crisis began. For instance, increased government benefits and moratoriums on evictions and certain foreclosures may have eased financial pressures in many households.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2017\/10\/Bankruptcy-Attorney-Mansfield.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2017\/10\/Bankruptcy-Attorney-Mansfield-1024x683.jpg\" alt=\"\" class=\"wp-image-3680\" width=\"245\" height=\"162\" srcset=\"https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2017\/10\/Bankruptcy-Attorney-Mansfield-1024x683.jpg 1024w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2017\/10\/Bankruptcy-Attorney-Mansfield-300x200.jpg 300w, https:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2017\/10\/Bankruptcy-Attorney-Mansfield-768x512.jpg 768w\" sizes=\"auto, (max-width: 245px) 100vw, 245px\" \/><\/a><\/figure><\/div>\n\n\n\n<p><strong>If you&#8217;re considering bankruptcy, call us at 816-524-4949 or visit our <a href=\"https:\/\/hoorfarlaw.com\/\">website <\/a>to schedule a consultation to discuss your options.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Personal and business bankruptcy filings fell 29.1 percent for the 12-month period ending Sept. 30, 2021. A steady decline in filings has continued since the coronavirus (COVID-19) crisis began. \u00a0 Business filings fell 27.9 percent, from 22,391 to 16,140 in &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=6372\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1117],"tags":[],"class_list":["post-6372","post","type-post","status-publish","format-standard","hentry","category-bankruptcy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6372"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6372\/revisions"}],"predecessor-version":[{"id":6373,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6372\/revisions\/6373"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}