Skip to main content

AACER: Third-Lowest Monthly Bankruptcy Filings Total of 2015 Reported in August

money-fourBankruptcy filings nationwide totaled 67,712 over 21 filing days for the month of August, the third-lowest monthly total in 2015 and a decline of more than 7,000 from August 2014, according to August 2015 AACER bankruptcy data reported by Epiq Systems.
Filings were lower in August 2015 by 7,522 from the previous August. The total of 67,712 for the month was third-lowest this year behind January (59,087) and February (65,054).
The average number of filings per day in August (3,224) over the 21 filing days was also the third-lowest monthly total out of eight months this year. January averaged 2,954 filings over 20 filing days and June averaged 3,171 filings over 22 days.
Click HERE to view the entire report
AACER graph Aug 2015
Including August's bankruptcy filings total, there have been 562,356 filings for the first eight months of 2015, an average of 70,294 per month and an average of 3,347per day for 168 filing days.
Bankruptcy filings nationwide reached their peak for the month of August in 2010, when 134,798 filings were reported. They have declined year-over-year for each August since then. August 2015's total of 67,712 was close to 50 percent lower than the peak reached in August 2010.
California once again topped all states for cumulative bankruptcy filings with 56,012 for the first eight months (including 6,312 in August, also tops among states for the month). Illinois was second once again with 38,380 filings year-to-date as of August 31, 3015, which was less than 200 more than third-place Florida (38,183). Georgia (33,349) and Ohio (25,424) were once again fourth and fifth, respectively. The state with the fewest cumulative filings for the first eight months of 2015 was Alaska with 264.
Tennessee and Alabama once again ranked first and second among states in filings per capita for August with 5.76 and 5.35 filings for every 10,000 people, respectively. Both were slight increases from the 5.73 and 5.29 totals reported for July. August's national average in bankruptcy filings per capita (2.71) was a slight decline from July's total of 2.73.
Team Thayer www.teamthayer.com

Justin Lee Thayer is Lane counties expert in market analysis for real estate investors. Call Justin @ 541-543-7287
Labels:
Location: Eugene, OR, USA

Popular posts from this blog

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread...
Read more

First-Time Home Buyer Mortgage Risk Edge Up Team Thayer Real Estate news.

The first-time buyer share in April, May, and June was launched to new highs, supported by improvements in the labor market, riskier mortgage lending, and continuing low mortgage rates. The  American Enterprise Institute (AEI)  International Center on Housing Risk  recently released a  report , finding that first-time buyers account for 58.8 percent of primary owner-occupied home purchase mortgages with a government guarantee, up from 57.2 percent the prior June, according to the Agency First-Time Buyer Mortgage Share Index (FBMSI). The Combined FBMSI, which measures the share of first-time buyers for both government-guaranteed and private-sector mortgages reached an estimated 52.9 percent, up from 51.6 percent the prior June, according to the report. In addition, AEI determined that the Agency First-Time Buyer Mortgage Risk Index (FBMRI) stood at a series record of 15.83 percent, and increase of half of a percentage point from the average over the prio...
Read more

Team Thayer Real Estate House Flipping Traps! #flippinghouses #eugeneoregon #oregon #housing #market #realestate

If you’ve got several leads waiting to turn into potential deals, you can’t wait for one to suddenly come knocking at your door. Successful real estate house flippers have one trait in common: they place an emphasis on proper planning. Once you’ve secured a deal, you must decide what kind of rehab you will perform. Will you conduct a few simple cosmetic upgrades (like these  10 rehab projects you finish in one weekend )? Or, is the home nice enough to sell after  an easy prehab ? Are there structural damages that will require you to carry out more major renovations? Will you focus on implementing environmentally friendly renovations  – also known as “greenhabbing” – so that you  qualify for certain tax benefits ? Once you’ve determined your strategy, it is important to ask yourself these specific questions before diving into the construction action: What are the current market conditions in my area? What does my ideal buyer look like? Does my marketing cam...
Read more