{"id":3309,"date":"2024-11-16T17:58:07","date_gmt":"2024-11-16T17:58:07","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/bankruptcies-jump-16-2-percent-massachusetts-lawyers-weekly\/"},"modified":"2024-11-16T17:58:07","modified_gmt":"2024-11-16T17:58:07","slug":"bankruptcies-jump-16-2-percent-massachusetts-lawyers-weekly","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/bankruptcies-jump-16-2-percent-massachusetts-lawyers-weekly\/","title":{"rendered":"Bankruptcies jump 16.2 percent | Massachusetts Lawyers Weekly"},"content":{"rendered":"\n<div>\n<p>Personal and business bankruptcy filings rose 16.2 percent in the 12-month period ending Sept. 30, compared with the previous year, according to the <a href=\"https:\/\/www.uscourts.gov\/news\/2024\/11\/07\/bankruptcy-filings-rise-16-2-percent\" rel=\"nofollow noopener\" target=\"_blank\">latest quarterly report<\/a> released by the Administrative Office of the U.S. Courts.\n<\/p>\n<p>The office reported annual bankruptcy filings totaled 504,112 for the 12-month period ending with September 2024, compared with 433,658 cases for the same period ending with September 2023.\n<\/p>\n<p>Business filings rose 33.5 percent, from 17,051 to 22,762, over the same period last year. Meanwhile, non-business bankruptcy filings rose 15.5 percent to 481,350, compared with 416,607 in the previous year.<\/p>\n<p>In Massachusetts, a total of 4,534 bankruptcy cases were filed in the year ending with Sept. 30, a 22.7 percent increase from 3,695 total filings in the commonwealth over the same reporting period ending with Sept. 30, 2023.\n<\/p>\n<p>Meanwhile, Rhode Island saw an 8.5 percent increase in filings from 2023 to 2024 (904\u00a0total filings for the year ending Sept. 30, compared with 833 in the 12-month period ending Sept. 30, 2023).\n<\/p>\n<p>In Massachusetts, for the most recent reporting period there were 2,806 Chapter 7 filings, with 94 cases being filed under Chapter 11 and 1,632 cases being filed under Chapter 13.<\/p>\n<p>Of the 904 bankruptcy cases filed in Rhode Island for the reporting period, 636 were filed under Chapter 7, while 7 cases were filed under Chapter 11. There were 261 Chapter 13 cases filed in Rhode Island during the same period.<br \/>\n<!-- post-single CPT Filter Start --><!-- post-single CPT Filter End    --><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Personal and business bankruptcy filings rose 16.2 percent in the 12-month period ending Sept. 30, compared with the previous year, according to the latest quarterly report released by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[270,3300,7,1481,271,1482],"class_list":["post-3309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bankruptcy","tag-bankruptcies","tag-jump","tag-lawyers","tag-massachusetts","tag-percent","tag-weekly"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/3309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=3309"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/3309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/3310"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=3309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=3309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=3309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}