Bankruptcy filings down more than 11 percent

WICHITA, Kan. (AP) – A new report shows bankruptcy filings in Kansas fell 11.4 percent for the 12-month period ending in March compared with the previous year.

The report released Monday by the Administrative Office of the U.S. Courts shows Kansas lagged behind the national drop of 14.4 percent during the same period.

A total of 8,794 Kansas residents and businesses filed for various types of bankruptcy protection. Businesses accounted for 221 of those bankruptcies.

The report says 5,598 of the bankruptcy filings were Chapter 7 liquidations.

Another 3,132 people filed a Chapter 13 bankruptcy, which allows debtors to keep property and pay debts over time.

Some 55 filed for reorganization under a Chapter 11 bankruptcy. Nine filed under a category reserved for farm bankruptcies.

Copyright 2013 The Associated Press.

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