One in 56 Tennessee Households Filed for Bankruptcy
By Jill Michaux, Kansas Bankruptcy Attorney on May 3, 2008 in General Bankruptcy Information, Georgia, Kansas
One in 56 Tennessee households and one in 60 Georgia households filed for bankruptcy relief in the first quarter of 2008*, according to statistics recently released by the National Bankruptcy Research Center.
The national average was one personal bankruptcy per 119.1 households. Here is a list of the top 10 states for bankruptcy filings per household:
- Tennessee: 55.8
- Georgia: 60.1
- Nevada: 61.2
- Alabama: 72.1
- Indiana: 75.9
- Michigan: 76.6
- Arkansas: 84.0
- Kentucky: 84.2
- Ohio: 90.8
- Mississippi: 91.8
* Rates adjusted to annual terms.
Source: National Bankruptcy Research Center (nbkrc.com).
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