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Corporate, personal bankruptcies decline in Albany region during pandemic

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Corporate and personal bankruptcies have declined this year in a wide swath of upstate New York, including Albany, despite the economic upheaval wrought by the coronavirus pandemic.

There have been seven Chapter 11 federal bankruptcy filings since January in the 32-county area included in New York’s Northern District, according to court statistics posted online.

Chapter 11 filings are down from the 24 cases filed last year and 25 in 2018.

The high point over the past decade was 2015, when there were 50 filings.

About 3.4 million people live in the district.

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