For bankruptcy practitioners, it’s hard to believe that it’s been 10 years since the Bankruptcy Abuse and Consumer Protection Act (BAPCPA) went into full effect in October 2005. Read more…
The number of new bankruptcy filings made last month was up minimally on a month-over-month basis, though activity slowed from a year earlier.
Businesses and consumers made 69,723 bankruptcy filings during June. Activity crept up from the previous month, when there were 69,286 fillings.
But despite the modest deterioration, U.S. Bankruptcy Courts were hit with fewer filings than in June 2014, when the total was 73,855. Read More
The U.S. Supreme Court just put its stamp of approval on the Obama administration’s health-care reform, and a Boston law professor thinks he knows what will happen next.
In his 2014 study, Northeastern University law professor Daniel Austin dug into personal bankruptcy filings to figure out what happened after Massachusetts lawmakers made health insurance mandatory in 2005.
His findings? Massachusetts residents who file for bankruptcy protection these days have way less medical debt compared to the rest of the country. The typical Massachusetts person or couple who filed in 2013 had $3,041 in medical debt, while people everywhere else had an average of $8,594 in medical debt. Read More
Everybody is back from a great show in San Francisco, CA. NADA (National Auto Dealers Association) 2015 was fantastic and it was great to see so many of our valued clients in one place. Thanks to everyone that made this year’s NADA 2015 one of the best yet!
Don’t forget that NADA is moving the convention date in 2016, breaking from the traditional January/February timeframe. The 2016 NADA Convention will be held in Las Vegas, Nevada from March 31 – April 3rd. Hope to see you there!
This year’s keynote speakers include Jeb Bush and Jay Leno! For a complete listing of speakers click here.
Excellent workshops such as, “Exceptional Experience that Win Digital Buyers” and “NexGen Dealers Leading the Future Their Way Today” are only a few of the exciting and trending topics that will be discussed.
We’ll have the latest information on BK trends and you can review our data card by clicking below! Hope to see you there!
2014 Bankruptcy Highlights
- Total BK Filings down 12% in 2014
- Less than 1 million BK Filings – first time in 7 years
- Non Commercial Filings total 875,635, down 11%
- 2013 average nationwide per capital BK Filing rate was 3.33. In 2014, it dropped to 2.93
Stats taken from article provided by Subprime Auto Finance news. Click here to read it in its entirety
In a special projection report released on Tuesday, CNW is expecting subprime approvals to improve in 2015, but not quite to the same level as this past year. President Art Spinella pegged the year-over-year improvement projection at 12.75 percent “driven in large part by automakers’ captive finance companies looking to expand sales. Read more here.