Tag Archives: Chapter 13 Discharges

NADA BOUND

The BEBdata tribe is putting the final touches on plans for our attendance at the 2015 NADA Convention & Expo. This is the “it” conference for the auto industry and we never miss it!

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!

2015-01 BEBdata Card NADA

Chapter 13 Discharges up 59.6 percent

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In the first quarter of 2014, there were over 45,000 Consumer Bankruptcy Chapter 13 discharges. That number is up 19.4% from first quarter discharges in 2013 (38,000) and up 59.6% from first quarter 2012 (28,668).

PLEASE NOTE: Our data is based on one per household, minus multiple filers and has been cleansed to postal specifications.

New Model Gives Indie Dealers Greater Leverage

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One of the biggest problems independent auto dealers have is getting financing to run their credit operations. Now, a Milwaukee-area entrepreneur with a long auto sales pedigree has come up with a way to help dealers raise more money, and lower their financing costs while allowing a new group of investors to get into the auto finance business.

Read more from this great article by George Yacik by clicking here.

2013 – 2012 Bankruptcy Trends

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2014-01-21 Comparing 2012 to 2013 BK Filings & Discharges, our data shows that Chapter 7 Filings were down by 10.2% with almost 76,000 fewer filings in 2013. Chapter 7 discharges dropped by over 90,000 representing an 11.5% decrease from 2012.

Chapter 13 filings increased by over 13,000 to show an almost 5% increase (4.6%) while Chapter 13 discharges increased by 36.8% with 39,000 more in 2013.

Please note: Our data is based on one per household, minus multiple filers and has been cleansed to postal specifications

TOP 10 States for CH 7 Discharges

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The top 10 states for Chapter 7 Discharges comprise 54.7% of all discharges year-to-date. Leading the pack is California with 15% of the total Discharges and over twice as many as the runner-up, Florida.

PLEASE NOTE: Our data is based on one per household, minus multiple filers and has been cleansed to postal specifications.