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Bankruptcy Stats

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Beekeepers Make Changes & So Can You to Bounce Back

The economy has faced a major setback with COVID but I am optimistic.  I encourage my clients to take a positive step, make changes and you will bounce back.  

If you look at nature, in the 2018-19 winter, there were a record 37.7% less honeybees than the previous year.

Honeybees rebounded this previous winter, (reported the Associated Press). This previous winter, there was only a loss of 22.2% of their colonies — considerably better than the average of 28.6%, (Bee Informed Partnership).

During the ongoing 14-year survey, that percentage was the second-smallest winter loss on record.

Honeybee populations often follow a cyclical formula with good seasons following bad ones.  

I believe our bad season will be followed with a good one.

Beekeepers make changes, e.g. bringing their hives indoors during the winter. You can make positive steps to improve your financial situation and find out if bankruptcy will help you.

Honeybees are crucial to the world’s food supply and face numerous obstacles just like all of us do, but they push forward.

I am here to help you, give me a call today.

Some facts about honeybees when you think you are struggling: 

Bees have to fly over 55,000 miles to make 1 lb. of honey

Honeybees never sleep! No wonder worker bees have such a short lifespan!

—1 lb. of honey takes 556 workers and 2 million flowers.

—50-100 flowers are pollinated during one collection trip.

Stimulus is Helping or Delaying Bankruptcies?

Stimulus is Helping or Delaying Bankruptcies? 63% Decrease in NJ Bankruptcy Filings May 2019 Vs May 2020

New Jersey Bankruptcy filings for all cases:  

Chapters 7, 11, 13, and adversary proceedings are down:

  • May 1 – May 29, 2019     Total filings =   2,577
  • May 1 – May 29, 2020    Total filings =      946
  • Decrease:       1,631   or   63%

Time will only tell…..

Any questions or concerns, you can call me direct (201) 446-5904

NJ Bankruptcy Stats – Bergen County Takes the Lead

Bankruptcy Stats – November 2019

Bankruptcy Stats – Bergen County – Takes the Lead in Chapter 7 Bankruptcies 12 months ending November 2019 for all of New Jersey

Chapter 7 Bankruptcies:

          Business:   Bergen County in 1st place with 60: Middlesex and Union Counties had zero

          Consumer:  Bergen County in 1st place with 1452 with Essex County a close 2nd at 1400.

Chapter 11 Bankruptcies

          Business:  Bergen County in 1st place with 40 business;

          Consumer:  Bergen County had 15

Chapter 13 Bankruptcies

          Business:  Essex and Hudson were tied for first place with 6 – Atlantic, Cape May, Sussex, Middlesex and Union Counties had zero

          Consumer:  Camden County took the lead with 1,019 – Union County had zero consumer Bankruptcies

For all of New Jersey, there were a total of 24,458 business and Consumer Bankruptcies combined.  

Data from US. Bankruptcy Court; District of New Jersey

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