Bankruptcy filing statistics ending in September 2020 show that nationwide filings are down 28% for 2020 as compared to the same period in 2019. Filings in New York and New Jersey are down by 40% while filings in Connecticut are down 32%.

Some bankruptcy attorneys expect a surge of new filings once courthouses fully open and creditors start filing eviction cases, collection cases and foreclosure cases. With COVID19 numbers continuing to rise it doesn’t appear that courthouses will open anytime soon. Eviction moratoriums are expected to end in January 2021. Courts may start to schedule remote evictions. The future is uncertain.

Bankruptcy hearings in Connecticut are being conducted remotely. The trustee meetings are being conducted over the telephone. You can file bankruptcy now and start rebuilding your credit over the next year. Or you can wait to file once the courthouses fully reopen and creditors start to bother you. A bankruptcy filing will get creditors to stop barraging you with telephone calls.

Please call our office if you with to discuss filing bankruptcy with one of our staff. 2037724848