One of the most common questions in a bankruptcy case is the fee: how much will it cost? My answer is it depends on the complexity of the case. The typical attorney fees in my cases range from $900 to $1,200 for chapter 7. Occasionally the fee is higher, for more...
Statistical Trends in WDNY Bankruptcies
AP’s in Rochester Way Way Way Down
Four years ago, I reported that bankruptcy lawsuits (known as 'adversary proceedings' or 'APs') in the Rochester Bankruptcy Court in 2010 were down by one third from the previous year. The average number of APs filed 2007 to 2010 in Rochester was 113 per year (not...
Judge Warren is Now Issuing Written Decisions
Bankruptcy Judge Paul R. Warren of our local Rochester Bankruptcy court (Western District of New York - Rochester Division), is now starting to issue written opinions. Judge Warren assumed to bench in Rochester in March 2012, and for the first two years of his tenure...
Bankruptcies in Western New York Continue Decline
Through the end of August, 2012, bankruptcy filings in both the Rochester and Buffalo divisions of the Western District of New York continue to decline. In the first eight months of 2012, 1,520 bankruptcy cases were filed in Rochester, a decrease of 13.2% from the...
WDNY Bankruptcies Continue to Decline
Bankruptcy cases for the Western District of New York continue their three year decline. For the first three months of 2012, only 1,615 cases were filed in the court, which includes Rochester, Buffalo and the Southern Tier. This represents a 8.7% drop from the first...
Bankruptcies continue decline to 23 year low; Share a Judge with Syracuse?
Through the end of November, bankruptcy filings in the Western District of New York continue to decline, off 20% from the first eleven months of of 2010. Rochester's share of filings are down slightly more - 21%, with Buffalo's filings down 19%. This follows a 10%...
New York Median Income Drops; Lowers the Means Test Threshold
Recent Census Bureau figures show that the median income of New York families has dropped about 1% in the past half year. For bankruptcy debtors, this decrease may have an effect on both Chapter 7 and Chapter 13 bankruptcies. In Chapter 7, debtors file a 'means test'...
Consumer Bankruptcy Filings Decline Nationwide: NBKRC
As previously reported here, bankruptcy filings have been falling in the Western District of New York. A new analysis by the National Bankruptcy Research Center (NBKRC) shows that consumer bankruptcy filings are also down nationwide. The analysis, prepared by...
Bankruptcy Filings Continue to Fall in Western New York
Bankruptcy filings in the Western District of New York continue to decline compared to last year. 772 bankruptcy cases were filed in WDNY in March 2011, compared to 951 in 2010. This is a decrease of 18.8% compared to March 2010. Some forecasters, myself included,...
Bankruptcy filings still lag in Rochester
The most recently filed bankruptcy case filed in the Rochester Division of the Western District of New York (today, March 2) is the 349th case filed in 2011. Bankruptcy case filings were way down in the first three weeks of January, as attorneys were holding off...