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New Jersey Bankruptcy Filings Up 16 Percent for 2010

December 23, 2010 John J. Scura III Bankruptcy

new-jersey-bankruptcy-filingsNew Jersey Bankruptcy Filings Increase

From the end of November 2009 to the end of November 2010, the total bankruptcy filings were up 16% year over year.   The total bankruptcy filings from December 2008 to November 2009 were 35,444 as compared to 41,252 for December 2009 to November 2010.  These statistics include all different types of bankruptcy filings - Chapter 7, Chapter 11 and Chapter 13.

New Jersey has experienced a higher filing rate of bankruptcy filings due to unemployment hovering to almost 10% and its high rate of foreclosures.  Furthermore, NJ real estate taxes are the highest in the nation leading to further financial turmoil.

The statistics going into 2011 are expected to continue to rise.

The New Jersey Bankruptcy Court official web site publishes the full year statistics.

Contact our law offices if you are in a challenging financial situation, our New Jersey bankruptcy attorneys are here to help.


John J. Scura III

John fights hard for his clients and tries to educate them so they understand what is going on with their particular legal problem. John has been Certified by The Supreme Court of New Jersey as a Civil Trial Attorney. Whether it is a personal injury case, bankruptcy case, litigation case or other type of matter, John wants his clients to participate in the decision making process toward solving their problem in the best way possible.

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