Bankruptcy

The Economy & Business
7:04 am
Mon January 28, 2013

Ohio Bankruptcies Fall to Recent Low, Data Shows

Court statistics show the number of bankruptcy filings in Ohio last year fell to the lowest total since 2006. 

The Akron Beacon Journal reports experts point to several reasons for the drop, including mortgage lenders holding off foreclosure proceedings and people having so much financial trouble that they have no assets left to protect.

University of Dayton professor Jeffrey Morris, who's a member of the National Bankruptcy Conference, says increased awareness about the struggling economy also may make people more cautious financially.

Read more