Middle Tennessee Bankruptcies Fell 6%


Here’s good news for Tennesseans. The total bankruptcy filings in Middle Tennessee fell by 6% in 2010, the first annual drop since a lull four years ago, although analysts fell short of calling it a clear trend.

Both individual and business bankruptcies declined last year. There were 875 less cases filed in 2010 compared to 2009. Last year, 14,063 bankruptcy filings were made. This figure comprised of 13,845 cases of individuals filing for bankruptcy and about 430 cases of business bankruptcies. However there was no major change in the number of Chapter 11 reorganization bankruptcies.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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