DURHAM, NC – According to data compiled by the U.S. Bankruptcy Court for the Middle District of North Carolina, bankruptcy activity was at a standstill last month in Durham and Orange counties.
The report showed that a total of 63 debtors in Durham and Orange counties filed initial petitions in the Durham division of the court in May, compared to 66 in April and 61 in May 2011.
The number of filings dropped throughout most of 2011, then leveled out, with the majority of the decrease in filings found within the consumer sector. Business-related filings, which only account for a small percentage of the total number of petitions, have actually increased.
May 2012 totals included 50 filings in Durham County and 13 in Orange County.
Like the bankruptcy trend in these North Carolina counties, the nation’s economy has been at a standstill and doesn’t appear to be improving. Jobs continue to get cut and people are accruing more debt than ever before. If you have been suffering financially and are up to your ears in debt, bankruptcy may be a solution for you. To see if you are eligible to file, contact a North Carolina bankruptcy lawyer today to review your case.
Bankruptcy attorneys care about your individual needs and will make sure your debt is either significantly reduced or wiped out entirely. Your legal representative may suggest Chapter 7 liquidation bankruptcy or may opt for Chapter 11 or Chapter 13 bankruptcy, which deal with reorganization. Regardless of the plan, rest assured your case will end with the best possible outcome.
No matter what your reasons for incurring debt, your lawyer will make sure you emerge from your case with a fresh start. Contact a team of North Carolina bankruptcy lawyers today to file a case.
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