The number of homeowners and others filing for bankruptcy protection in Massachusetts plunged during 2012.
There was an 18 percent decline across the state in personal bankruptcy filings in 2012 compared to the year before, The Warren Group reports this morning.
An improving economy and a rebounding housing market are clearly helping bail out some struggling consumers.
Foreclosures are also on the decline as well. Foreclosures dropped 60 percent in November from the same month a year before, to 295, the Boston-based real estate publisher and data firm finds. Foreclosures are down 8 percent, year-to-date, through the end of November
And as the financial health of the average Massachusetts consumer improves, that could be good news for the coming spring market.
Are you feeling better financially? Have you been able to pay down debt? And what impact this had on your housing plans? Are you ready to buy now? Or conversely, is it easier now for you to sell?
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