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VOL. 128 | NO. 13 | Friday, January 18, 2013

Fourth-Quarter Bankruptcies Decline

By Bill Dries

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The 3,144 bankruptcy filings in Shelby County during the last three months of 2012 equal about a fourth of the year’s total.

And like the year-end totals, according to The Daily News Online, most of those filings – 2,484 – were Chapter 13 filings with another 654 filed as Chapter 7 and 6 in the Chapter 11 category.

The overall number for the quarter mark a 2.6 percent decline from 3,227 bankruptcy filings in the fourth quarter of 2011 but just a 0.9 percent decline from 3,171 in the third quarter of 2012.

Among the local businesses filing for Chapter 7 bankruptcy during the fourth quarter was EZ Fundraising 101in the Bartlett-Ellendale 38135 ZIP code.

Other Chapter 7 casualties included Norma’s Gallery at 7563 Proud Land Drive in Quince-Ridgeway’s 38119; and The Dixie Queen at 2375 Carrollwood in Cordova’s 38016.

Frayser’s 38127 ZIP code led the breakdown by ZIP codes for all bankruptcies in Shelby County with 254. But the 38109 ZIP code, covering the Westwood area, had 253 for the quarter.

The Frayser number was a drop for the area compared to the last quarter of 2011 and an increase for Westwood compared to the same quarter.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 166 10,044
MORTGAGES 105 195 13,070
FORECLOSURE NOTICES 5 40 2,578
BUILDING PERMITS 216 370 23,894
BANKRUPTCIES 82 152 9,685
BUSINESS LICENSES 42 51 3,654
UTILITY CONNECTIONS 103 264 14,227
MARRIAGE LICENSES 29 53 3,116

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