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Several bankruptcy fees will increase on June 1, under amendments to the Bankruptcy Court Miscellaneous Fee Schedule that were approved in March by the Judicial Conference of the United States.

Bankruptcy filings for the 12-month period ending March 31, 2014, fell 11 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2013, according to statistics released today by the Administrative Office of the U.S. Courts.

In calendar year 2013, there was a 12 percent drop in cases filed in federal bankruptcy courts.

Bankruptcy cases filed in federal courts for fiscal year 2013—the 12-month period ending September 30, 2013—totaled 1,107,699, down 12 percent from the 1,261,140 bankruptcy cases filed in FY 2012, according to statistics released today by the Administrative Office of the U.S. Courts.

During calendar year 2012, 1.1 million bankruptcy petitions were filed by individuals with primarily consumer debt. Filers had a median average monthly income of $2,743, most filed under chapter 7, and for more debtors in 2012 this was not the first time they had filed for bankruptcy.

The City of Detroit has declared bankruptcy under Chapter 9 of the Bankruptcy Code. Chapter 9 provides for reorganization of municipalities, which includes cities and towns, as well as villages, counties, taxing districts, municipal utilities, and school districts

Bankruptcy filings for the 12-month period ending March 31, 2013, fell 14.4 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2012, according to statistics released by the Administrative Office of the U.S. Courts.

Federal bankruptcy courts will institute a new $25 fee for filing evidence of claims transfers, transactions in which bankruptcy claims are sold by one creditor to another, usually as part of a speculative investment. The fee, approved last September by the Judicial Conference of the United States, will take effect May 1.  

Bankruptcy claim transfers are a thriving, if little-known, part of the bankruptcy process, and constitute a multi-billion-dollar industry. 

Bankruptcy filings in the federal courts fell 13 percent in calendar year 2012, according to data released today by the Administrative Office of the U.S. Courts. The number of bankruptcies filed in the 12-month period ending December 31, 2012, totaled 1,221,091, down from the 1,410,653 bankruptcies filed in CY 2011.

Bankruptcy cases filed in federal courts for fiscal year 2012, the 12-month period ending September 30, 2012, totaled 1,261,140, down 14 percent from the 1,467,221 bankruptcy cases filed in FY 2011, according to statistics released today by the Administrative Office of the U.S. Courts.

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