Bankruptcy filings rise 22 percent in quarter

POSTED: 13:43 MST Monday, July 14, 2008

by Brad Carlson

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Bankruptcy filings in the U.S. Bankruptcy Court’s Idaho District increased by 22.6 percent in the second quarter, from a year earlier. The district includes Boise, Coeur d’Alene, Moscow, Pocatello and Twin Falls. The district received 1,241 filings in the April-June quarter, up from 1,012 in the same quarter of 2007.

For the 12 months ended June 30, filings increased by 20 percent to 4,071. The total included 3,276 Chapter 7 liquidations, 26 Chapter 11 reorganizations, 7 Chapter 12 farm filings and 762 Chapter 13 liquidations.

For the one-year period ended June 30, 2007, the 3,395 filings included 2,673 Chapter 7s, 10 Chapter 11s, 10 Chapter 12s and 702 Chapter 13s.

1 Comments

As bankruptcy begins it will be harder to sell your largets asset, your house. Look up the Idaho home stead act. It will allow you to keep up to $75,000 of the equity in your home.
Comment By Sell My House
Tuesday, July 15, 2008 @ 10:58 AM

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