Huge Decline in California Bankruptcy Filings
The federal bankruptcy courts publish detailed statistics on bankruptcy filings. California has four federal judicial districts, with Fresno located in the Eastern District.
The 2011-2014 bankruptcy filings for the Eastern District of California show a substantial decline, as shown in this table:
|E.D. Cal. total filings||Chapter 7 cases
||Chapter 11 cases
||Chapter 12 cases
||Chapter 13 cases
What does this mean for the future? Hard to tell, as the Central Valley remains in the grip of a years-long drought. Agricultural revenues will remain depressed, which will not help the local economy.