December 7, 2015
- Question: In 2005, total bankruptcy filings exceed the number of birth in which 6 states?
- Question: What state had the highest number of bankruptcy case filings 24 of the last 25 years?
- Question: Which state had the highest bankruptcy filing rate relative to population 21 of the last 25 years?
- Question: Which state had the lowest bankruptcy filing rate relative to population 18 of the last 25 years?
#1 – Answer: Alabama, Arkansas, Indiana, Ohio, Oklahoma and Tennessee. This was the result of the new legislation in 2005 (BAPCPA surge in case filing. The only other instances of filing exceeded births in a state were Tennessee (2002 & 2003) and Nevada (2009 and 2010).
#2- Answer: California – The only exception was in 2006, when filings in Georgia were higher.
#3- Answer: Tennessee
#4– Answer: Alaska