Whatcom County bankruptcy filings down 9.5 percent in 2013

THE BELLINGHAM HERALDJanuary 13, 2014 

Bankruptcies in Whatcom County continued to slow last year but still remain well above pre-recession levels.

Last year 561 Whatcom County bankruptcies were filed, down 9.5 percent from 2012, according to data from the U.S. Bankruptcy Court Western District in Seattle.

It's the lowest annual total since 2007, which had 405 filings. The peak year for local bankruptcy filings during the economic downturn came in 2010, which had 808 filings.

The downward trend took place throughout much of Western Washington. According to the data, 19,754 bankruptcy filings were made at the Seattle and Tacoma courts in 2013, down 11.5 percent compared to the previous year.

In Skagit County 542 bankruptcy filings took place in 2013, down 3.2 percent compared to the previous year.

Business bankruptcy filings also are down across the Western Washington district. Last year 625 business filings took place in the region, down from 717 in 2012 and 985 in 2011.

In Whatcom County, April 2013 was the month with the most filings, with 67, while January had the fewest filings, 36.

LOCAL BANKRUPTCIES IN RECENT YEARS

A look at Whatcom County bankruptcies in recent years. Note: In October 2005 significant changes were made to the bankruptcy rules to tighten the practice.

2013 - 561

2012 - 620

2011 - 743

2010 - 808

2009 - 796

2008 - 579

2007 - 405

2006 - 283

2005 - 845

SOURCE: U.S. BANKRUPTCY COURT WESTERN DISTRICT

Reach Business Editor Dave Gallagher at 360-715-2269 or dave.gallagher@bellinghamherald.com. Read the Business Blog at bellinghamherald.com/business-blog or get updates on Twitter at @bhamheraldbiz.

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