Local bankruptcy filings drop to 5-year low

Fewer local residents filed for bankruptcy last year, bringing Johnson County to a five-year low.

The number of people filing for bankruptcy fell 12.5 percent, from 974 filings in 2011 to 852 in 2012. Last year was the third year that fewer people had filed for bankruptcy since a peak in 2009, according to statistics from the U.S. Bankruptcy Court for the Southern District of Indiana.

Both Johnson County and the court, which includes 60 counties across Indiana, had the lowest number of bankruptcy filings since 2007.

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