Declining Trend Continues for Bankruptcy Filings

first_img Tagged with: AACER Bankruptcy Filings  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago Nationwide bankruptcy filings were about 5 percent lower in June 2016 compared with a year earlier, continuing an ongoing trend of decline, according to June 2016 AACER bankruptcy data reported by Epiq Systems.Bankruptcy filings totaled 66,284 in June, which was actually a slight increase from May’s total of 66,094, but was nearly 5 percent lower than June 2015’s total of 69,772 (a decline of 3,488).  Year-to-date, there have been 398,495 bankruptcy filings nationwide for the first half of 2016 (about 66,415 per month), down from 2015’s year-to-date total through the end of June of 422,782 (about 70,463 per month).The average number of filings per day in June 2016 was 3,012 over 22 days, which is a decline from May’s daily average of 3,147 over 21 days. The extra filing day in June compared to May accounts for the slight increase in the number of filings in June; had June featured 21 filing days, there would have been nearly 3,000 fewer filings during the month than in May. Bankruptcy filings have averaged 3,162 for the first six months of 2016 over a period of 126 filing days.June’s total of 66,284 bankruptcy filings was less than half of the peak total for the month of June recorded in 2010 (134,797).Click HERE to view the entire reportThe state with the most cumulative filings for the first six months of 2016 was again California with 37,248 after adding about 6,200 more in June. As has been the trend, Illinois was second in year-to-date filings with 27,680, after adding another 4,200 in June. The same three states ranked third through fifth in June as they did in May: Florida (23,234), Georgia (22,841), and Ohio (18,827).Tennessee and Alabama continued to rank first and second among states in bankruptcy filings per capita for June with 5.63 and 5.37 for every 10,000 people, respectively. Those numbers were virtually the same as May’s numbers. The national average of filings per capita in June 2016 held steady over-the-month at 2.56, though it has increased by more than 50 basis points since January 2016’s average of 2.02 percent. July 6, 2016 1,231 Views About Author: Brian Honea Declining Trend Continues for Bankruptcy Filings Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Previous: Can Local Governments Impede Housing Markets? Next: Rising Lease Expirations Do Not Deter SFR Vacancy Rate The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Declining Trend Continues for Bankruptcy Filings Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago AACER Bankruptcy Filings 2016-07-06 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Western Australia green hydrogen project moves a step closer to reality

first_imgWestern Australia green hydrogen project moves a step closer to reality FacebookTwitterLinkedInEmailPrint分享Renew Economy:Plans for a massive green hydrogen production facility in Western Australia are a step closer to realisation, after the proponents secured an agreement with Western Power to undertake initial studies for new transmission network link.Infinite Blue Energy is proposing to build one of the world’s largest renewable hydrogen production facilities in Western Australia, with a $350 million plan for the Arrowsmith green hydrogen project that would include 160MW of onsite wind and solar projects and the ability to produce as much as 25 tonnes of zero emissions hydrogen each day.While the Infinite Blue Energy plans to produce more than three-quarters its power needs from the onsite renewable energy projects, the company has secured an agreement to partner with Western Power to undertake initial planning work for an additional 330kV transmission network link to the proposed green hydrogen facility.The network connection would allow the project to draw upon renewables being produced elsewhere in the Western Australian grid and to continue producing green hydrogen during periods when local wind and solar availability is low.Through the cooperative agreement, both Infinite Blue Energy and Western Power will progress early studies into an upgraded transmission link between Eneabba to the site of the proposed Arrowsmith project, to be located around 300 kilometres north of Perth.Infinite Blue Energy expects that the project will produce an estimated 5,000GWh renewable electricity each year, with the prospect that some surplus power could be fed back into the grid to serve Western Australian consumers. The results of the network studies will inform Infinite Blue Energy’s final investment decision on the massive hydrogen project, which it expects to make in January next year.[Michael Mazengarb]More: Massive green hydrogen project signs network deal with Western Powerlast_img read more

TGS, PGS in Barents Sea 3D seismic survey (Norway)

first_imgTwo Norwegian seismic companies TGS and PGS have announced a new multi-client project in the Barents Sea, offshore Norway, labeled the Nansen 3D Geostreamer.The survey will cover around 6100 square kilometers in an active APA area of the Hammerfest Basin. The acquisition is expected to start in late May and is due to be completed in September 2018.According to a statement on Tuesday, the project is designed to improve the imaging of the known fields and discoveries and allow identification and development of new targets in both mature and new plays. The survey area contains shallow targets on the basin flanks and platforms, with deeper exploration potential elsewhere in the basin.Kristian Johansen, CEO, TGS:”Nansen 3D will expand TGS’ data coverage in the Barents Sea where we have a strong track record of success. This project will provide modern, high quality seismic data to an area that is highly relevant for exploration in the current and upcoming APA rounds,” saidPGS’ Ramform Atlas will tow an ultra-high-density 3D configuration with a 16 x 56.25 m x 7,000 m setup. Three of the streamers are towed with 10 km offsets for optimized performance of full waveform inversion (FWI).Data processing will be performed by TGS using its Clari-Fi(TM) broadband technology. Fast-track data will be available in Q1 2019 with final data in Q4, TGS said.Towing configuration (image source: PGS)last_img read more

Investigation of viral email continues

first_imgA student has come forward with information about the viral Kappa Sigma email that circulated around the university campus and beyond, according to Vice President of Student Affairs Michael L. Jackson.Jackson said the university is currently reviewing the information the student provided to see if it changes the university’s view of what happened.Jackson sent an email to the university community last month, saying the university had learned in its investigation that a USC student did not write the email. Instead, the university said, a friend at an East Coast university forwarded it to the student who sent it to the USC Kappa Sigma listserv.Mitchell Wilson, executive director of Kappa Sigma Fraternity, said the Kappa Sigma Fraternity nationals has completed its investigation of the viral email. Wilson said the investigation was not able to determine who created the email, but the individuals at USC involved with forwarding the email and making inappropriate comments in response to the email are in the process of being disciplined. Wilson did not talk about the punishments.Wilson also said Kappa Sigma nationals will soon be conducting a membership review of USC’s Kappa Sigma chapter.“We go in and meet with each individual and we review them, we look at their record of membership in the chapter and what they’ve done,” Wilson said. “We have to have some affirmation that they are committed to the values of our fraternity and that they are going to live by these values.”Wilson said membership reviews for Kappa Sigma chapters occur on a case-by-case basis. Individuals who are found in violation of Kappa Sigma’s principles will be suspended or expelled from the fraternity.“We wish to make very sure that we have the men going forward who are going to represent our fraternity in a positive fashion,” Wilson said.last_img read more

Dignitas appoint new CEO and sign Rocket League world champions

first_imgTeam Dignitas have hired the former co-Executive Producer of NBC Sports, Michael Prindiville, as their CEO. The hire, initially reported at the start of the month on ESPN, was initially announced yesterday, May 22nd, by Ben Fischer of the SportsBusiness Journal, before the organisation’s confirmation.Michael Prindiville, CEO of Team DignitasPrindiville has experience in esports through working as the project manager for the Universal Open, in partnership with FACEIT, which is set to return for a second season this summer. He also helped develop the upcoming NHL Gaming World Championships, another tournament working in partnership with FACEIT.Michael Prindiville, CEO of Team Dignitas, stated on joining his new home: “I’m thrilled to join such a storied esports organization as Team Dignitas and look forward to building something truly special. We will operate with long-term patience and short-term speed to capitalize on game-changing opportunities, such as what we did this past week in our signing of the best Rocket League team in the world. With a strategic plan intact and the support of one of the most revered sports and entertainment companies in the world, Harris Blitzer Sports & Entertainment, I’m confident Team Dignitas can reach the pinnacle of esports.”The move also coincided with the acquisition of the reigning Rocket League world champions, who were previously at the organization Gale Force Esports. Coincidentally, two of the team were champions of the inaugural Universal Open last year. With the end-of-season championship set for the start of June in London, the team are looking to retain their title and now have the backing of Team Dignitas to do so.This roster move could provide insight to further troubles at Gale Force Esports, with the team being rumoured to have wanted to let go of the Rocket League team in January, alongside the removal of their CS:GO roster. They are also suffering problems in Heroes of the Storm, with the organization suffering confusion of who owned the team’s spot in the Heroes of the Storm Global Championship.Esports Insider says: Big moves over at Team Dignitas, who have brought in an experienced mind from the world of TV, as well as a successful Rocket League team who are bearing down on retaining the Rocket League Championship title. It’s all looking on the up for Dignitas right now.last_img read more