ADVERTISEMENT

2013 bankruptcy filings continue decline

Filings continue to fall in 3rd quarter of 2013

By Juan Rodriguez

Consumer bankruptcies extended their decline in the third quarter of 2013, edging down from their recession-inflated levels of past years as the economy continues to recover.

There were 801,783 personal bankruptcies in the first nine months of 2013, down about 13 percent from the corresponding period in 2012, according to figures compiled by Epiq Systems from federal bankruptcy court data.

That puts 2013 on track to achieve a third straight year of reduced filings. In 2010, the aftermath of the recession pushed personal bankruptcies to about 1.53 million. Filings began to ebb the next year, falling to about 1.37 million and receded further to less than 1.2 million in 2012.

The chart below summarizes Chapter 7 and Chapter 13 bankruptcies by state through the third quarter of 2013. Click on a state to see per-capita statistics and other details.

 

See related: Your map through Chapter 7 and 13 bankruptcy, 5 bankruptcy myths busted Juan Rodriguez contributed to this report.

Published: October 21, 2013


Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.




Follow Us


Updated: 09-30-2016


Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.


ADVERTISEMENT