Topics
Casenotes: 2007 WDNY Bankruptcy cases
Casenotes: 2008 WDNY Bankruptcy cases
Casenotes: 2009 WDNY Bankruptcy cases
Casenotes: 2010 WDNY Bankruptcy cases
Legislation and Rules Updates
News from the Western District of New York Bankruptcy Court
Notes from BAPCPA
Notes on Bankruptcy Cases outside WDNY
Statistical trends in WDNY bankruptcies
Supreme Court bankruptcy cases
Recent Updates
July 27, 2010
A (Brief) history of New York exemptions, Part I
July 06, 2010
Bankruptcy exemption expansion passes New York legislature, awaits Governor's signature
June 29, 2010
Bankruptcy Exemption may expand in NY - an historical perspective
June 21, 2010
Retroactive application of Increased homestead exemption; Part II: Calloway and Nguyen
June 21, 2010
Bad Faith Chapter 13 plan: case filed 10 days after property transferred: Johnson
Archives
Statistical trends in WDNY bankruptcies
2005 was a watershead year in bankruptcy.?? With the passage of BAPCPA, the Bankruptcy Abuse Prevention and Consumer Protection Act, consumer bankruptcies became, at a minimum, more complicated and expensive to file.?? Filings soared -- in Rochester's court alone some 2,000 cases were filed in the two weeks prior to the effective date of the changes (compared to 5,000 cases in all of 2004.)
In 2006, few cases were filed.?? The pre-BAPCPA surge cleared out most cases people were considering at the time, and attorneys were approaching the new changes with caution.?? By 2007, filings started to increase, although at a much lower rate than 2004, the last "normal" year prior to BAPCPA.
In 2008 the economy went south and in many areas of the country bankruptcies soared.?? How does the Western District of New York compare ith national trends??? In this topic, I will post statistical information as to bankruptcy trends in the Rochester - Buffalo area, and compare them to national statistics.
Bankruptcy cases, when filed, are given consecutive case numbers.?? The number is two digits, followed by a dash and five more numbers, such as 09-23456. The first two digits of a case number is the year of filing (09 is 2009; 96 is 1996 etc.).?? The first digit after the dash is the court: Buffalo cases are "1" and Rochester cases are "2,?? The last four digits are the consecutive case number.?? The first case of the year is case 0001.?? So, case 09-23456 is a Rochester case filed in 2009 and would be the 3,456th case filed in Rochester that year.
To calculate trends, I find on PACER (the on-line docketing system of the federal courts) what case number was recently filed, and when a similarly numbered case was filed in prior years.?? This shows whether the year-to-date trends are up or down.
November 2009: Rochester cases up, but not by much
Posted by: Peter Scribner
November 18, 2009
While bankruptcy cases have soared in some states in the country, filings in Rochester continue to increase at a modest pace, and are only slightly up from the prior two years.
