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Bankruptcy filings down in Virginia, U.S.

Bankruptcy filings in Virginia dropped for calendar year 2012, with filings in the Eastern District falling by 12.7 percent and new cases down by 10.8 percent in the Western District.

These figures were slightly less than the overall decline nationwide of 13 percent, according to data released Feb. 4 by the Administrative Office of the U.S. Courts.

Business bankruptcy filings in the Eastern District declined by nearly 13 percent last year, down to 21, 984, while business filings in the Western District fell by almost 11 percent, to 6,742.

Nationally, 1.2 million bankruptcies were filed in 2012, compared to 1.4 million in 2011, the AO said. Nationally, non-business filings fell 13.3 percent, to 1.18 million in 2012. Business filings nationwide fell 16.20 percent in 2012.

Details of the report are available here.
–Deborah Elkins

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