Summary
Interactive map shows rate of each state’s bankruptcy filings, and how the pace fell off a cliff in 2005, then rebounded.
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Editor’s note: See updated story, State by state bankruptcy statistics, 2005-2011.
As the economy begins an agonizingly slow crawl to recovery, bankruptcy filings still continued to rise in the third quarter of 2010. Click on the map to view bankruptcies over time in different states and jurisdictions; scroll down to see details.
Chapter 13 bankruptcy allows people to pay off debts under a three- to five-year plan; Chapter 7 bankruptcy allows for a discharge of all debt.
Source: Automated Access to Court Electronic Records. AACER provided data on bankruptcies by state; some states have multiple jurisdictions.
Juan Rodriguez contributed to this report.
See related: Nevada residents remain most likely to file for bankruptcy, Bankruptcies resume upward climb in 2010, 5 post-bankruptcy myths, 5 tips for those considering bankruptcy
More interactives: Credit card reform legislation time line, A comprehensive guide to the Credit CARD Act of 2009, How a credit card is processed
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