July 15, 2020

Tennessee Ranks #1 in the Nation for Bankruptcy Filings

The most recent report from the United States Courts Administrative Office reveals that Tennessee leads the nation in bankruptcy filings per population size.   Approximately 1 out of every 59 Tennessee households filed either Chapter 7 or Chapter 13 bankruptcy in fiscal year 2007.   By contrast, just over 1 out of every 100 Alaskans filed bankruptcy during this same time period.

The reports for fiscal year 2008 will be released in March.  It will be interesting to see if there is any change in this disturbing trend.