Hoosier State Sees Decline In Bankruptcy Filings (VIDEO)

By Emma Koch

March 28, 2013 Updated Mar 28, 2013 at 4:50 PM EST

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.

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