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Personal Bankruptcies Set New Record in 2001
In February, the Administrative Office of the U.S. Courts released the final tally of personal bankruptcies filed during 2001. The data revealed that personal bankruptcies rose by 19.2 percent to set an all-time record of 1,452,030 filings during the year. Filings in 2001 eclipsed the previous record of 1,398,182 set in 1998 (See figure below). By comparison, business bankruptcies rose by 13 percent during 2001 to reach 40,099.
The table below summarizes filing data by state and bankruptcy judicial district. Of the 91 districts that make up the 50 states, District of Columbia and Puerto Rico, only 1 district (Puerto Rico) experienced a decline in petition volume during the calendar year 2001. Chapter 7 bankruptcies comprised 71 percent of total filings nationwide, but the proportion varies widely across states and even across judicial districts within states. Across regions, the Midwest states experienced the largest increase in bankruptcies. Personal bankruptcies increased by 33.5 percent in Iowa, 31.5 percent in Ohio, 28.8 percent in Michigan, 28 percent in Nebraska, and 27.8 percent in Indiana.
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| Personal Bankruptcies in 2001 by State and Judicial District for the 12-Month Period Ending December 31, 2001 |
|||
|---|---|---|---|
| Total Filings As Of 12/31/01 |
% Change In Total 12/31/01-12/31/00 |
% Chapter 7 As Of 12/31/01 |
|
| Total | 1,452,030 | 19.2% | 71.0% |
| Alabama | 38,421 | 18.1% | 44.7% |
| Middle | 8,101 | 13.3% | 46.1% |
| North | 23,699 | 18.1% | 44.3% |
| South | 6,621 | 24.4% | 44.4% |
| Alaska | 1,369 | 5.2% | 91.2% |
| Arizona | 24,736 | 22.5% | 81.0% |
| Arkansas | 21,194 | 28.3% | 58.9% |
| East | 13,528 | 29.9% | 53.3% |
| West | 7,666 | 25.5% | 69.0% |
| California | 148,421 | 7.5% | 82.1% |
| Central | 85,642 | 9.0% | 83.3% |
| East | 30,986 | 8.3% | 86.3% |
| North | 18,618 | 0.6% | 71.6% |
| South | 13,175 | 5.8% | 79.5% |
| Colorado | 18,333 | 20.7% | 87.1% |
| Connecticut | 11,457 | 9.1% | 86.5% |
| District Of Columbia | 2,510 | 9.7% | 70.7% |
| Delaware | 2,885 | 21.5% | 65.3% |
| Florida | 85,216 | 19.5% | 72.9% |
| Middle | 48,139 | 21.0% | 73.3% |
| North | 6,091 | 19.9% | 79.8% |
| South | 30,986 | 17.2% | 71.0% |
| Georgia | 68,933 | 17.0% | 40.0% |
| Middle | 16,992 | 15.4% | 42.7% |
| North | 37,529 | 19.1% | 43.9% |
| South | 14,412 | 13.7% | 26.6% |
| Hawaii | 4,971 | 10.8% | 89.8% |
| Idaho | 7,962 | 16.2% | 85.9% |
| Illinois | 73,036 | 21.9% | 73.3% |
| Central | 14,270 | 26.6% | 85.8% |
| North | 50,578 | 21.0% | 69.9% |
| South | 8,188 | 19.9% | 71.8% |
| Indiana | 47,462 | 27.8% | 80.7% |
| North | 18,701 | 33.8% | 84.1% |
| South | 28,761 | 24.2% | 78.5% |
| Iowa | 10,787 | 33.5% | 94.7% |
| North | 4,192 | 29.5% | 96.5% |
| South | 6,595 | 36.2% | 93.6% |
| Kansas | 13,717 | 23.1% | 82.8% |
| Kentucky | 25,709 | 24.4% | 84.2% |
| East | 11,251 | 27.3% | 87.7% |
| West | 14,458 | 22.3% | 81.4% |
| Louisiana | 26,303 | 16.8% | 61.5% |
| East | 10,067 | 23.6% | 68.6% |
| Middle | 3,310 | 18.4% | 70.9% |
| West | 12,926 | 11.6% | 53.6% |
| Maine | 4,397 | 13.3% | 93.1% |
| Maryland | 34,630 | 16.8% | 68.9% |
| Massachusetts | 17,227 | 13.3% | 86.5% |
| Michigan | 46,138 | 28.8% | 72.5% |
| East | 32,384 | 30.6% | 71.0% |
| West | 13,754 | 24.5% | 76.1% |
| Minnesota | 16,817 | 21.7% | 82.8% |
| Mississippi | 21,827 | 19.6% | 64.7% |
| North | 7,745 | 24.6% | 64.7% |
| South | 14,082 | 17.0% | 64.7% |
| Missouri | 30,199 | 17.7% | 72.8% |
| East | 16,572 | 11.0% | 66.3% |
| West | 13,627 | 27.2% | 80.7% |
| Montana | 3,853 | 20.6% | 88.7% |
| Nebraska | 7,058 | 28.0% | 84.4% |
| Nevada | 17,683 | 29.3% | 75.0% |
| New Hampshire | 3,597 | 8.6% | 91.4% |
| New Jersey | 40,754 | 11.2% | 64.7% |
| New Mexico | 8,040 | 23.3% | 87.8% |
| New York | 66,628 | 16.5% | 81.2% |
| East | 25,107 | 13.3% | 78.7% |
| North | 15,335 | 17.1% | 82.2% |
| South | 13,668 | 16.5% | 88.0% |
| West | 12,518 | 22.6% | 77.3% |
| North Carolina | 33,099 | 24.2% | 45.9% |
| East | 13,686 | 29.4% | 49.0% |
| Middle | 10,651 | 14.7% | 38.9% |
| West | 8,762 | 29.1% | 49.7% |
| North Dakota | 2,117 | 15.0% | 97.6% |
| Ohio | 69,292 | 31.5% | 81.1% |
| North | 35,794 | 32.5% | 83.1% |
| South | 33,498 | 30.4% | 79.0% |
| Oklahoma | 22,563 | 22.6% | 87.7% |
| East | 4,180 | 17.1% | 93.6% |
| North | 5,393 | 18.1% | 91.6% |
| West | 12,990 | 26.5% | 84.2% |
| Oregon | 21,649 | 29.1% | 88.4% |
| Pennsylvania | 50,397 | 18.5% | 71.5% |
| East | 23,695 | 14.1% | 58.5% |
| Middle | 11,421 | 18.7% | 79.5% |
| West | 15,281 | 26.1% | 85.6% |
| Rhode Island | 4,819 | 9.9% | 92.0% |
| South Carolina | 14,002 | 18.5% | 46.0% |
| South Dakota | 2,542 | 28.9% | 96.5% |
| Tennessee | 59,454 | 22.3% | 46.7% |
| East | 18,893 | 22.2% | 61.1% |
| Middle | 14,362 | 25.1% | 62.3% |
| West | 26,199 | 21.0% | 27.6% |
| Texas | 73,866 | 24.1% | 53.9% |
| East | 11,077 | 29.2% | 54.5% |
| North | 26,047 | 32.0% | 50.8% |
| South | 19,182 | 17.4% | 56.1% |
| West | 17,560 | 18.0% | 55.8% |
| Utah | 18,936 | 28.5% | 64.6% |
| Vermont | 1,651 | 16.2% | 90.6% |
| Virginia | 40,839 | 15.4% | 75.6% |
| East | 28,960 | 12.1% | 71.5% |
| West | 11,879 | 24.5% | 85.8% |
| Washington | 36,493 | 20.0% | 80.0% |
| East | 9,817 | 22.8% | 76.3% |
| West | 26,676 | 19.0% | 81.3% |
| West Virginia | 9,901 | 18.3% | 94.9% |
| North | 3,968 | 20.9% | 94.3% |
| South | 5,933 | 16.7% | 95.3% |
| Wisconsin | 21,347 | 24.4% | 83.9% |
| East | 14,376 | 20.8% | 81.5% |
| West | 6,971 | 32.5% | 89.0% |
| Wyoming | 2,448 | 20.5% | 94.1% |
| Guam | 261 | 110.5% | 83.5% |
| NMI | 18 | 100.0% | 94.4% |
| Puerto Rico | 14,013 | -4.7% | 29.4% |
| Virgin Islands | 53 | 8.2% | 64.2% |
| Circuit | |||
| 1st | 44,053 | 6.2% | 70.0% |
| 2nd | 79,736 | 15.3% | 82.1% |
| 3rd | 94,089 | 15.3% | 68.4% |
| 4th | 132,471 | 18.4% | 64.8% |
| 5th | 121,996 | 21.6% | 57.5% |
| 6th | 200,593 | 27.1% | 69.3% |
| 7th | 141,845 | 24.2% | 77.4% |
| 8th | 90,714 | 23.6% | 76.2% |
| 9th | 267,416 | 13.7% | 82.1% |
| 10th | 84,037 | 23.5% | 81.8% |
| 11th | 192,570 | 18.3% | 55.5% |
| States and territories in each circuit: | |||
| 1st: ME, MA, NH, RI, PR | |||
| 2nd: CT, NY, VT | |||
| 3rd: DE, NJ, PA, VI | |||
| 4th: MD, NC, SC, VA, WV | |||
| 5th: LA, MS, TX | |||
| 6th: KY, MI, OH, TN | |||
| 7th: IL, IN, WI | |||
| 8th: AR, IA, MN, MO, NE, ND, SD | |||
| 9th: AK, AZ, CA, HI, ID, MT, NV, OR, WA, GUAM, NMI | |||
| 10th: CO, KS, NM, OK, UT, WY | |||
| 11th: AL, FL, GA | |||
| Source: Administrative Office of the U.S. Courts. | |||
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