Alabama sees sharp rise in bankruptcy filings - WSFA.com Montgomery Alabama news.

Alabama sees sharp rise in bankruptcy filings

BIRMINGHAM, Ala. (AP) - The first three months of the year saw a sharp rise in bankruptcy filings across Alabama, a surge that helps illustrate the severity of the current economic downturn.

From January through March, 8,415 personal bankruptcies were filed in Alabama. According to figures released Friday by the American Bankruptcy Institute, that's a 35 percent hike from the same period last year.

The news was even more grim for businesses, which saw bankruptcy filings spike nearly 68 percent to 191. Nationwide, the figures show Alabama had the third-highest rate for personal bankruptcies.

The state had 6.81 personal bankruptcy filings per 1,000 residents, well above the national rate of 3.9 filings per 1,00 residents.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

  • NewsMore>>

  • Opelika city leaders oppose bill aimed to help local pharmacies

    Opelika city leaders oppose bill aimed to help local pharmacies

    Wednesday, March 22 2017 9:15 PM EDT2017-03-23 01:15:23 GMT
    (Source: Jose Zozaya/WTVM)(Source: Jose Zozaya/WTVM)

    With tax dollars now on the line city leaders now oppose legislation that may help independent pharmacies in the area. 

    More >>

    With tax dollars now on the line city leaders now oppose legislation that may help independent pharmacies in the area. 

    More >>
  • BREAKING

    1 injured, 1 arrested following shooting at Eufaula Winn-Dixie

    1 injured, 1 arrested following shooting at Eufaula Winn-Dixie

    Wednesday, March 22 2017 8:07 PM EDT2017-03-23 00:07:09 GMT
    (Source: AP Graphics)(Source: AP Graphics)

    One person has been arrested in connection to a shooting at the Winn Dixie at Eufaula Square.

    More >>

    One person has been arrested in connection to a shooting at the Winn Dixie at Eufaula Square.

    More >>
  • AL job seekers, unemployment recipients targeted in data hack

    AL job seekers, unemployment recipients targeted in data hack

    Wednesday, March 22 2017 11:43 PM EDT2017-03-23 03:43:34 GMT

    An alert has been issued for those who have looked for work using JobLink or received unemployment after the state learned that information could have fallen into the hands of hackers. 

    More >>

    An alert has been issued for those who have looked for work using JobLink or received unemployment after the state learned that information could have fallen into the hands of hackers. 

    More >>
Powered by Frankly