Posts Tagged ‘Orange County’

Chapter 7 Bankruptcy Filings, October 2009

Friday, November 6th, 2009

Chapter 7 bankruptcy filings for residents of  Orange County, Riverside County, and San Bernardino County continue to be high, as local bankruptcy attorneys can attest.  Although few cities in these counties are immune, the concentration of chapter 7 filings tend to be higher in some cities more than others.

The Orange County cities with the most Chapter 7 bankruptcies filed during October 2009  are as follows:

Anaheim, Buena Park, Costa Mesa, Fullerton, Garden Grove,  Huntington Beach, Irvine, Mission Viejo, Orange, and Santa Ana.

Chapter 7 bankruptcies filed by residents of Riverside County and San Bernardino County are filed in the Riverside Bankruptcy Courthouse.  Data from that court points to the following ten cities as having the highest number of Chapter 7 bankruptcies for residents of those counties for October 2009:

Corona, Fontana, Hemet, Hesperia, Moreno Valley, Murrieta, Ontario, Rancho Cucamonga, Riverside, and San Bernardino.

Future posts will examine trends in all three counties to see what cities in Orange County and the Inland Empire are experiencing the highest rates of Chapter 7 bankruptcy filings in those respective counties.

Chapter 7 Bankruptcy Filing Data For September 2009

Tuesday, October 6th, 2009

The number of Orange County, Riverside County, and San Bernardino County residents filing for Chapter 7 bankruptcy has not slowed from August to September in 2009.

The ten Orange County cities with the highest number of Chapter 7 bankruptcies filed during September 2009, as reported in the Orange County Bankruptcies Blog,  are as follows:

Anaheim, Costa Mesa, Fullerton, Garden Grove, Huntington Beach, Irvine, Lake Forest, Mission Viejo, Orange, and Santa Ana.

Chapter 7 bankruptcies filed by residents of Riverside County and San Bernardino County are filed in the Riverside Bankruptcy Courthouse.  Data from that court, according to the Riverside Bankruptcy Blog, reports the following ten cities as having the highest number of Chapter 7 bankruptcies for residents of those counties:

Corona, Fontana, Moreno Valley, Murrieta, Ontario, Rancho Cucamonga, Riverside, San Bernardino, Temecula, and Victorville.

Orange County Chapter 7 bankruptcy attorneys and bankruptcy lawyers from cities in the Inland Empire are not only seeing a rise in the number of filings in the aforementioned cities, but in smaller cities within each county as well.  For every Anaheim there is a Laguna Niguel, for every Riverside there is a Colton.  Bankruptcy filings for both consumers and small businesses in these counties continues to be widespread.

Chapter 7 Bankruptcy Filings, August 2009

Wednesday, September 9th, 2009

Chapter 7 bankruptcy filings have continued to rise across the nation, and southern California is no exception.

The top ten cities with the highest number of Chapter 7 bankruptcies in Orange County, as reported in the Orange County Bankruptcy Blog , are as follows:

Anaheim, Fullerton, Garden Grove, Huntington Beach, Irvine, Laguna Niguel, Lake Forest, Mission Viejo, Orange, and Santa Ana.

In Riverside County and San Bernardino County, the Riverside Bankruptcy Blog reports the following ten cities as having the highest number of Chapter 7 bankruptcies for residents of those counties:

Corona, Fontana, Moreno Valley, Murrieta, Ontario, Rancho Cucamonga, Riverside, San Bernardino, Temecula, and Victorville.

Chapter 7 bankruptcy attorneys in southern California have been inundated with the rise of bankruptcy filings ever since the economic crisis began more than a year ago.

Chapter 7 Bankruptcy Filings in Orange County for June

Friday, July 3rd, 2009

As reported in the Orange County Bankruptcies Blog, Orange County cities with the most Chapter 7 bankruptcy filings come from all over the county, and cut across all demographics:

“For bankruptcy attorneys in Orange County, the number of Chapter 7 bankruptcies filed at the Santa Ana Bankruptcy Courthouse in June 2009 was high again, just as it was last month.

The ten cities with the most Chapter 7 bankruptcy filings in Orange County for the month of June 2009 were:

Anaheim, Buena Park, Fullerton, Garden Grove, Huntington Beach, Irvine, Mission Viejo, Orange, Santa Ana, and Westminster.  Rancho Santa Margarita and Costa Mesa also had a high number of Chapter 7 bankruptcies filed in June.”

Bankruptcy Rising, Despite Change to Code in 2005

Monday, June 29th, 2009

As reported in the Los Angeles Times yesterday, southern California has seen a dramatic increase in the number of consumer bankruptcy filings of late. The article referenced the mortgage crisis as the culprit, while also highlighting the fact that changes to the Bankruptcy Code in the Bankruptcy Bill of 2005 have seemingly failed to reduce the number of bankruptcies these last few years.
Although the article emphasizes the increase in the greater Los Angeles area, bankruptcies in Orange County, Riverside County, and San Bernardino County have also risen dramatically in the past year, flooding bankruptcy attorneys in southern California with inquiries from debtors about whether they qualify for Chapter 7 bankruptcy, or whether they must resort to Chapter 13 of the Bankruptcy Code for relief.To read the LA Times article, click here

Medical Bills Involved in 62% of Bankruptcies

Monday, June 22nd, 2009

A new study released this month by Harvard University shows that medical bills and related expenses due to wages lost whilst caring for an ill person were significant factors leading to 67% of the bankruptcies filed in 2007.

Although this study is national in it’s scope, it is safe to assume that bankruptcies in Orange County, Riverside County, and San Bernardino County followed the same pattern in 2007 as the bankruptcies across the nation.  The 67% figure is a strong increase in the number of bankruptcies influenced by medical bills over the last six years, as Harvard’s study in 2001 found only 55% of bankruptcies in which medical bills played such a role.

For more information, read this article in the LA Times.