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Bankruptcy Rates Among the States

Between 2000-2004, New York was the state with the fewest number of bankruptcy filings. It was followed by Connecticut, New Hampshire, Vermont, Delaware, Massachusetts and North Carolina. Topping the list with the most bankruptcies were Missouri, Indiana, Nevada, Utah, Oklahoma, and Oregon. The average for the nation was 380/100,000 people. New York, by comparison, had an average of 290 during that time, while Missouri had around 700.

Now, however, those numbers pale in comparison to the bankruptcy rates. It is no longer uncommon for a state to have 600+ filings per 100,00 residents. Nevada has the highest number of bankruptcies, followed by Tennessee and Georgia. New York's bankruptcy rates have increased, but they remain on the low end of the spectrum.

Are you unable to make ends meet? Bankruptcy may be a healthy choice for you. Contact a Long Island Bankruptcy Attorney at Jacoby & Jacoby for more information about your financial future.
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