Business and Personal Bankruptcies Decline in Oregon

20 05 2011

Really interesting numbers here. This definitely connected with the nonfarm payroll employment increases we see lately.

By Research Editor Brandon Sawyer

Bankruptcies increased again in 2010 but slower than in 2009. Oregon filings grew 10.1% versus 24.0% in California, 8.2% in Washington, 1.1% in Nevada and 8.1% nationwide. However, Oregon business bankruptcy filings decreased 3.0% for the year with more extreme Chapter 7 and milder Chapter 13 filings dropping 7.8% and 6.9%, respectively. Chapter 11 reorganizations and Chapter 12 (family farmer or fisherman) filings, though, jumped 30.6% and 88.8% for the year.




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