Top Ten States to File Personal Bankruptcy
While the state you live in may not directly determine whether or not you will file bankruptcy, it may increase the odds of you knowing someone who will. Whether due to unemployment levels, the bankruptcy means test, or just plain luck, some states have higher rates of personal bankruptcy.
Based on data supplied by Bankruptcy-Statistics.com on personal bankruptcies in the first half of 2009, these are the top 10 bankruptcy states, by filings per capita and total filings.
BANKRUPTCIES PER CAPITA
personal bankruptcy filings per 1000 residents
- Nevada (10.58)
- Tennessee (8.52)
- Georgia (7.39)
- Alabama (7.35)
- Indiana (7.30)
- Michigan (7.00)
- Ohio (5.96)
- Kentucky (5.81)
- Arkansas (5.50)
- Illinois (5.50)
TOTAL PERSONAL BANKRUPTCIES
- California (94566)
- Florida (45243)
- Georgia (35779)
- Illinois (35472)
- Michigan (35027)
- Ohio (34204)
- New York (28623)
- Tennessee (26463)
- Texas (25893)
- Indiana (23275)
