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Bankruptcies Continue to Break Records
Personal bankruptcy filings in the U.S. show little sign of abatement. Statistics just released from the Administrative Office of the U.S. Courts indicate that more non-business bankruptcies were filed during the 12-month period ending December 31, 2002 (1,539,111) than during any previous 12-month period. Filings were up 6.0% from the 12-month period ending one year earlier. In addition, the fourth quarter total of 385,629 petitions was up 8.7% (revealing that filings are accelerating) from a year earlier and was the highest fourth-quarter total ever recorded. Just under 71% of these bankruptcies were filed under Chapter 7, which allows individuals to keep certain exempt property (depending upon their state of residence), while any remaining assets are sold to creditors. Out of 91 judicial districts in the U.S. and Puerto Rico, all but 17 experienced an increase in filing volume. The table below provides detailed statistics on the number of filings and growth rates by judicial district.
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| Personal Bankruptcies In 2002 By State And Judicial District For The 12-Month Period Ending December 31, 2002 |
|||
|---|---|---|---|
| Total Filings As Of 12/31/200 |
% Change In Total 12/31/2001-12/31/2002 |
% Chapter 7 As Of 12/31/2002 | |
| Total | 1,539,111 | 6.0% | 70.7% |
| Alabama | 41,478 | 8.0% | 47.6% |
| Middle | 9,714 | 19.9% | 52.5% |
| North | 24,407 | 3.0% | 47.2% |
| South | 7,357 | 11.1% | 42.6% |
| Alaska | 1,359 | -0.7% | 91.9% |
| Arizona | 28,960 | 17.1% | 79.9% |
| Arkansas | 23,264 | 9.8% | 58.2% |
| East | 14,959 | 10.6% | 52.8% |
| West | 8,305 | 8.3% | 67.9% |
| California | 144,766 | -2.5% | 82.0% |
| Central | 81,702 | -4.6% | 83.4% |
| East | 30,265 | -2.3% | 85.6% |
| North | 20,139 | 8.2% | 71.4% |
| South | 12,660 | -3.9% | 81.5% |
| Colorado | 20,769 | 13.3% | 87.6% |
| Connecticut | 11,570 | 1.0% | 83.7% |
| District Of Columbia | 2,451 | -2.4% | 70.3% |
| Delaware | 3,140 | 8.8% | 62.2% |
| Florida | 90,374 | 6.1% | 72.3% |
| Middle | 52,071 | 8.2% | 72.1% |
| North | 6,525 | 7.1% | 79.7% |
| South | 31,778 | 2.6% | 71.0% |
| Georgia | 74,354 | 7.9% | 42.3% |
| Middle | 17,767 | 4.6% | 43.7% |
| North | 41,382 | 10.3% | 47.3% |
| South | 15,205 | 5.5% | 27.3% |
| Hawaii | 4,432 | -10.8% | 89.5% |
| Idaho | 8,653 | 8.7% | 86.4% |
| Illinois | 81,091 | 11.0% | 73.9% |
| Central | 15,461 | 8.3% | 85.7% |
| North | 56,723 | 12.1% | 71.0% |
| South | 8,907 | 8.8% | 72.4% |
| Indiana | 52,859 | 11.4% | 80.6% |
| North | 20,662 | 10.5% | 83.8% |
| South | 32,197 | 11.9% | 78.5% |
| Iowa | 11,454 | 6.2% | 95.0% |
| North | 4,439 | 5.9% | 96.4% |
| South | 7,015 | 6.4% | 94.0% |
| Kansas | 14,731 | 7.4% | 81.1% |
| Kentucky | 26,823 | 4.3% | 83.0% |
| East | 11,887 | 5.7% | 87.3% |
| West | 14,936 | 3.3% | 79.5% |
| Louisiana | 26,461 | 0.6% | 61.1% |
| East | 9,585 | -4.8% | 67.2% |
| Middle | 3,624 | 9.5% | 72.1% |
| West | 13,252 | 2.5% | 53.8% |
| Maine | 4,321 | -1.7% | 91.5% |
| Maryland | 34,700 | 0.2% | 66.4% |
| Massachusetts | 17,019 | -1.2% | 85.0% |
| Michigan | 54,805 | 18.8% | 70.4% |
| East | 39,487 | 21.9% | 68.2% |
| West | 15,318 | 11.4% | 76.2% |
| Minnesota | 17,758 | 5.6% | 83.3% |
| Mississippi | 22,088 | 1.2% | 65.7% |
| North | 8,038 | 3.8% | 67.7% |
| South | 14,050 | -0.2% | 64.6% |
| Missouri | 33,897 | 12.2% | 73.4% |
| East | 18,083 | 9.1% | 66.9% |
| West | 15,814 | 16.0% | 80.9% |
| Montana | 3,942 | 2.3% | 88.1% |
| Nebraska | 7,569 | 7.2% | 78.3% |
| Nevada | 19,274 | 9.0% | 75.0% |
| New Hampshire | 3,822 | 6.3% | 90.5% |
| New Jersey | 40,310 | -1.1% | 63.4% |
| New Mexico | 8,581 | 6.7% | 91.0% |
| New York | 69,705 | 4.6% | 79.5% |
| East | 25,881 | 3.1% | 77.2% |
| North | 15,964 | 4.1% | 79.9% |
| South | 14,811 | 8.4% | 86.8% |
| West | 13,049 | 4.2% | 75.4% |
| North Carolina | 35,806 | 8.2% | 47.7% |
| East | 14,847 | 8.5% | 49.9% |
| Middle | 11,575 | 8.7% | 41.6% |
| West | 9,384 | 7.1% | 51.9% |
| North Dakota | 1,958 | -7.5% | 96.0% |
| Ohio | 77,287 | 11.5% | 79.5% |
| North | 41,012 | 14.6% | 82.1% |
| South | 36,275 | 8.3% | 76.6% |
| Oklahoma | 23,890 | 5.9% | 88.9% |
| East | 4,659 | 11.5% | 92.6% |
| North | 6,416 | 19.0% | 91.3% |
| West | 12,815 | -1.3% | 86.3% |
| Oregon | 23,043 | 6.4% | 88.4% |
| Pennsylvania | 53,538 | 6.2% | 68.9% |
| East | 24,569 | 3.7% | 55.5% |
| Middle | 12,214 | 6.9% | 76.5% |
| West | 16,755 | 9.6% | 83.2% |
| Rhode Island | 4,842 | 0.5% | 91.9% |
| South Carolina | 15,575 | 11.2% | 43.2% |
| South Dakota | 2,540 | -0.1% | 95.1% |
| Tennessee | 62,473 | 5.1% | 47.5% |
| East | 19,247 | 1.9% | 61.6% |
| Middle | 15,226 | 6.0% | 62.6% |
| West | 28,000 | 6.9% | 29.7% |
| Texas | 77,056 | 4.3% | 53.2% |
| East | 11,834 | 6.8% | 55.1% |
| North | 26,924 | 3.4% | 49.1% |
| South | 20,459 | 6.7% | 54.6% |
| West | 17,839 | 1.6% | 56.5% |
| Utah | 21,527 | 13.7% | 66.1% |
| Vermont | 1,735 | 5.1% | 88.6% |
| Virginia | 41,861 | 2.5% | 74.4% |
| East | 29,693 | 2.5% | 69.9% |
| West | 12,168 | 2.4% | 85.5% |
| Washington | 38,545 | 5.6% | 79.8% |
| East | 9,961 | 1.5% | 75.9% |
| West | 28,584 | 7.2% | 81.1% |
| West Virginia | 10,109 | 2.1% | 94.7% |
| North | 4,315 | 8.7% | 93.9% |
| South | 5,794 | -2.3% | 95.3% |
| Wisconsin | 24,439 | 14.5% | 83.4% |
| East | 16,636 | 15.7% | 81.0% |
| West | 7,803 | 11.9% | 88.6% |
| Wyoming | 2,217 | -9.4% | 93.8% |
| Guam | 356 | 36.4% | 89.0% |
| NMI | 22 | 22.2% | 81.8% |
| Puerto Rico | 13,460 | -3.9% | 29.5% |
| Virgin Islands | 52 | -1.9% | 61.5% |
| Circuit | |||
| 1st | 43,464 | -1.3% | 69.7% |
| 2nd | 83,010 | 4.1% | 80.3% |
| 3rd | 97,040 | 3.1% | 66.4% |
| 4th | 138,051 | 4.2% | 63.5% |
| 5th | 125,605 | 3.0% | 57.1% |
| 6th | 221,388 | 10.4% | 68.7% |
| 7th | 158,389 | 11.7% | 77.6% |
| 8th | 98,440 | 8.5% | 75.5% |
| 9th | 273,352 | 2.2% | 81.9% |
| 10th | 91,715 | 9.1% | 82.3% |
| 11th | 206,206 | 7.1% | 56.5% |
| 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 | |||
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