Hoosier State Sees Decline In Bankruptcy Filings (VIDEO)

By Emma Koch

March 28, 2013 Updated Mar 28, 2013 at 5:50 PM EDT

INDIANA (www.incnow.tv) -- Bankruptcy filings are down in the Hoosier state.

A recent report says personal filing are down 17% from what they were last year. However, that trend could change in October, when the eight-year waiting period on Chapter 7 filing expires.

Bankruptcy attorneys anticipate people who have previously filed will have made it eight years and may file again. Statistics show that many people who file bankruptcy once will file again.

What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

© Copyright 2016, A Quincy Media broadcasting station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.