Bankruptcy filings in California rise significantly.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Bankruptcy filings in California have gone up significantly this year and are almost back up to the recession levels of four years ago, a public records service reported. A total of 13,331 people and businesses filed for bankruptcy in July, up 7.3 percent from 12,409 the month before and up 24.9 percent from 10,656 for July a year ago, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CDB CDB Common Database CDB Caribbean Development Bank CDB Convention sur la Diversité Biologique (Convention on Biological Diversity) CDB China Development Bank (Beijing, China) CDB Capital Development Board Infotek. The total for the first seven months of this year was 86,726, up 20 percent from 72,250 for 1995. This year's year-to-date total is the highest since 1992, when bankruptcies totaled 91,929 for the same period. "The current increase is part of a nationwide trend that has surprised most economists. A rise in bankruptcies like this doesn't normally happen when the economy is growing," said Rick Rozar, CDB president. "One reason for the increase might be that debt levels got out of hand in recent years because of easy credit availability. Another reason could be that people have become desensitized de·sen·si·tize tr.v. de·sen·si·tized, de·sen·si·tiz·ing, de·sen·si·tiz·es 1. To render insensitive or less sensitive. 2. Immunology To make (an individual) nonreactive or insensitive to an antigen. to what used to be a fairly traumatic event A traumatic event is an event that is or may be a cause of trauma. The term may refer to one of the followiong:
CDB Infotek, a business unit of Atlanta-based Equifax Insurance Services, provides on-line access to public records nationwide. In addition to bankruptcy filings, the company provides access to court records, real estate records, new business filings and more. The numbers include all bankruptcy categories. Personal bankruptcies account for around 80 percent of all filings. The increase in bankruptcies is not uniform across the state. While the year-to-date bankruptcy count was up 7.5 percent in the Bay Area, it was up by 20.7 percent in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and 31.0 percent in the Central Valley. Bankruptcies were up by 45 percent in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, while they actually declined 13.2 percent in Orange County. For more information, call Rick Rozar 714/708-2000, Ext. 601, or John Karevoll, Ext. 681. Information for individual counties is available. CONTACT: Rick Rozar, 714/708-2000, Ext. 601 John Karevoll, 714/708-2000, Ext. 681 |
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