Bankruptcies in Alaska: a considerable increase: December 2003-December 2004.

• Author: Pemberton, Jocelyn
• Position: Brief Article

Bankruptcies filed in Alaska have increased dramatically. In the period of one year, the total number of bankruptcies filed in Alaska increased by almost 52 percent. In December 2004, the total number of bankruptcies filed was 161, compared to 106 bankruptcies in December 2003. In the period of one month, November 2004 to December 2004, the number of bankruptcies increased from 114 to 161, more than a 41 percent increase.

However, the number of bankruptcies filed by Alaska businesses decreased from four in December 2003 to only one in December 2004. In the period of one month, the number of business bankruptcies for the state of Alaska decreased from five in November 2004 to one in December...