AN UPSIDE? Here’s a sign of the...
AN UPSIDE? Here’s a sign of the economic times: Bankruptcy filings in the county are still at record numbers (D1). But some good news: The rate is rising a little slower. Filings in 1991 were 32% higher than the year before; this year’s escalation so far is at 15%. . . . Says Irvine bankruptcy lawyer Robert E. Opera: “We’re extremely busy; I’d rather see the economy improve so our clients have a greater chance of reorganizing their affairs.â€
Hard Times Continue
Orange County bankruptcy filings are increasing, but at a slower rate than last year. 1988: 7,680 1989: 8,306 1990: 9,342 1991: 12,368 1992: 14,234* * Projection, based on first six months
Source: U.S. Bankruptcy Court
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