Home / Industry / Banking & Finance / Bankruptcies down significantly for the year; experts expect upturn as economy recovers (access required)

Bankruptcies down significantly for the year; experts expect upturn as economy recovers (access required)

Bankruptcies in Western New York are down more than 34 percent this year, possibly a result of COVID-19 stimulus programs and mortgage forbearances, local attorneys say. “People file for bankruptcy when they have something to protect,” said Rochester attorney Ronald Goldman. “People file Chapter 13 when they’re in foreclosure, and they would file Chapter 13 because ...

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