The State We're In: bankruptcies ease

The State We're In: bankruptcies ease

By Research Editor Brandon Sawyer

Bankruptcies increased again in 2010 but slower than in 2009. Oregon filings grew 10.1% versus 24.0% in California, 8.2% in Washington, 1.1% in Nevada and 8.1% nationwide. However, Oregon business bankruptcy filings decreased 3.0% for the year with more extreme Chapter 7 and milder Chapter 13 filings dropping 7.8% and 6.9%, respectively. Chapter 11 reorganizations and Chapter 12 (family farmer or fisherman) filings, though, jumped 30.6% and 88.8% for the year.