8 pm: 73°FMostly Cloudy

10 pm: 69°FCloudy

12 am: 66°FCloudy

2 am: 65°FCloudy

More Weather

Northern W.Va. bankruptcy filings decline

Dec. 31, 2012 @ 06:37 AM

MORGANTOWN, W.Va. (AP) — Bankruptcy filings in Northern West Virginia are down 20 percent from 2011.

Court records show 1,647 cases were filed in the Northern District of West Virginia Bankruptcy Court through November. During the same period in 2011, 2,080 cases were filed.

Two bankruptcy lawyers differ on whether the decline is a sign that the economy is improving.
Michael Clagett tells The Dominion Post that bankruptcy filings increase when the economy improves. He says people perceive others as doing better financially than they are doing.

John Brooks tells the newspaper that he doesn’t believe there’s a correlation between the economy’s state and the decline in bankruptcy filings. He says many of the cases he sees involve people who have large medical bills, not credit card debt.



The Herald-Dispatch welcomes your comments on this article, but please be civil. Avoid profanity, obscenity, personal attacks, accusations of criminal activity, name-calling or insults to the other posters. Herald-dispatch.com does not control or monitor comments as they are posted, but if you find a comment offensive or uncivil, hover your mouse over the comment and click the X that appears in the upper right of the comment. If you do not want your comment to post to your personal Facebook page, uncheck the box below the comment.