Bankruptcy filings in Mass. fell 16% last year
Personal bankruptcy filings in Massachusetts fell 16 percent in 2011 when compared with 2010, the Warren Group reported today. Last year, there were 14,716 Chapter 7 bankruptcies filed in the Bay State, down from 17,496 filed in 2010, said the Warren Group, a Boston firm that tracks bankruptcy and real estate activity. Chapter 7 of the US bankruptcy code is the most common option for individuals seeking debt relief, and accounted for almost 75 percent of Massachusetts’ bankruptcy filings last year.