Ohio bankruptcies drop - 13abc.com Toledo (OH) News, Weather and Sports

Ohio bankruptcies drop

Posted: Updated:

KRON, Ohio (AP) - Court statistics show the number of bankruptcy filings in Ohio last year fell to the lowest total since 2006.

The Akron Beacon Journal reports experts point to several reasons for the drop, including mortgage lenders holding off foreclosure proceedings and people having so much financial trouble that they have no assets left to protect.

University of Dayton professor Jeffrey Morris, who's a member of the National Bankruptcy Conference, says increased awareness about the struggling economy also may make people more cautious financially.

The roughly 50,600 personal and business bankruptcies in 2012 mark a drop of 14% from 2011, when there were more than 58,800. That's according to data from Ohio's two U.S. Bankruptcy Court districts.

The Columbus region had the most, with more than 11,000 bankruptcies.

  • RegionalMore>>

  • Ohio couple married 70 years die 15 hours apart

    Ohio couple married 70 years die 15 hours apart

    Saturday, April 19 2014 3:38 PM EDT2014-04-19 19:38:20 GMT
     An Ohio couple who held hands at breakfast every morning even after 70 years of marriage have died 15 hours apart.
     An Ohio couple who held hands at breakfast every morning even after 70 years of marriage have died 15 hours apart.
  • Waterloo Elementary in contest for $25,000 playground

    Waterloo Elementary in contest for $25,000 playground

    Saturday, April 19 2014 10:34 AM EDT2014-04-19 14:34:23 GMT
    Students at Waterloo Elementary in Monroe, MI, are in need of a new playground, and they're hoping you can help. They're sharing a video online to generate support. Waterloo is one of 12 finalists in a contest to win a 25-thousand dollar playground. It's called "Fuel The Cause," and it's put on by Bridgestone. Waterloo is one of five elementary schools in Monroe and it has the highest poverty rate of them all, at 80%. You can vote for the playground transformation at http://www.bridgestonetir...
    Students at Waterloo Elementary in Monroe, MI, are in need of a new playground, and they're hoping you can help. They're sharing a video online to generate support. Waterloo is one of 12 finalists in a contest to win a 25-thousand dollar playground. It's called "Fuel The Cause," and it's put on by Bridgestone. Waterloo is one of five elementary schools in Monroe and it has the highest poverty rate of them all, at 80%. You can vote for the playground transformation at http://www.bridgestonetir...
  • Jury finds Amanda Bacon guilty in death of her son

    Jury finds Amanda Bacon guilty in death of her son

    Friday, April 18 2014 5:02 PM EDT2014-04-18 21:02:16 GMT
    The jury found Amanda Bacon guilty in the murder of her son. She was found guilty of murder and child endangerment charges. She was not found guilty of aggravated murder. Amanda Bacon was charged with
    The jury has found Amanda Bacon guilty in the murder of her son. The jury returned a guilty verdict on murder and child endangerment charges. Bacon was not found guilty of aggravated murder.
  • Top StoriesMore>>

  • 3 dead after motorcycle collides with dirt bike in Maybee, MI

    3 dead after motorcycle collides with dirt bike in Maybee, MI

    Saturday, April 19 2014 2:54 PM EDT2014-04-19 18:54:50 GMT
    Three people are dead after dirt bike hit a motorcycle head-on. The Monroe County Sheriff's office says the crash happened around 11:30 Friday night in Maybee Michigan. A fourth person is in the hospital in serious condition.
    Three people are dead after dirt bike hit a motorcycle head-on. The Monroe County Sheriff's office says the crash happened around 11:30 Friday night in Maybee Michigan. A fourth person is in the hospital in serious condition.
  • Missing boater's father: "We just want to get him home"

    Missing boater's father: "We just want to get him home"

    Friday, April 18 2014 10:09 PM EDT2014-04-19 02:09:36 GMT
    We are learning more about the two remaining missing boaters on Lake Erie. Bryan Huff of Rossford is an experienced fisherman. His dad says he lived on the lake. Andrew Rose of Maumee works as a bartender
    The Ottawa County Sheriff concluded his department's search for the two remaining missing boaters on Lake Erie Friday evening.
  • Ohio couple married 70 years die 15 hours apart

    Ohio couple married 70 years die 15 hours apart

    Saturday, April 19 2014 3:38 PM EDT2014-04-19 19:38:20 GMT
     An Ohio couple who held hands at breakfast every morning even after 70 years of marriage have died 15 hours apart.
     An Ohio couple who held hands at breakfast every morning even after 70 years of marriage have died 15 hours apart.

Area Events Calendar

See It, Shoot It, Send It!