04 Feb 2013

Bankruptcy Statistics: 2012 Filings vs. 2011

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Bankruptcy Statistics:

2012 Filings Down Significantly over 2011

According to the most recent bankruptcy statistics published on the US Courts website, Chapter 7 filings were down in 2012 by 15% when compared to 2011. Chapter 7 filings were down in every state.

Chapter 11 filings were down in 2012 by 10.1% when compared to 2011 filings. Chapter 11 filings were down in 38 states.

Chapter 7 and Chapter 11 Bankruptcy Filings by State
Year over Year Comparison
for 12-month Period ending
December 31, 2012 vs. December 31, 2011.

  Chapter 7 Chapter 11
State 2012 2011 Change 2012 2011 Change
AK 616 839 -223 5 5 0
AL 10,659 11,892 -1,233 109 164 -55
AR 6,727 7,869 -1,142 45 68 -23
AZ 24,304 30,853 -6,549 442 464 -22
CA 140,693 176,958 -36,265 1,483 1,958 -475
CO 22,111 25,225 -3,114 147 139 8
CT 7,147 8,534 -1,387 130 121 9
DC 739 789 -50 30 33 -3
DE 2,196 2,515 -319 640 538 102
FL 59,349 70,936 -11,587 844 980 -136
GA 31,705 36,309 -4,604 355 430 -75
HI 1,959 2,585 -626 13 24 -11
IA 5,803 7,231 -1,428 19 24 -5
ID 5,612 6,722 -1,110 33 54 -21
IL 48,696 54,293 -5,597 393 366 27
IN 26,230 29,192 -2,962 115 118 -3
KS 5,848 6,882 -1,034 59 63 -4
KY 14,481 16,525 -2,044 77 68 9
LA 5,741 6,239 -498 93 98 -5
MA 12,437 15,011 -2,574 187 221 -34
MD 19,027 20,418 -1,391 175 183 -8
ME 2,597 3,080 -483 23 24 -1
MI 41,291 48,333 -7,042 255 206 49
MN 14,074 16,420 -2,346 46 85 -39
MO 20,280 21,198 -918 195 114 81
MS 6,434 7,509 -1,075 66 72 -6
MT 1,749 2,169 -420 23 26 -3
NC 9,379 11,618 -2,239 256 288 -32
ND 866 1,120 -254 2 7 -5
NE 4,063 4,678 -615 24 31 -7
NH 3,044 3,721 -677 33 49 -16
NJ 24,341 29,878 -5,537 307 322 -15
NM 4,355 5,149 -794 48 51 -3
NV 14,197 18,842 -4,645 345 479 -134
NY 34,006 40,899 -6,893 1,092 854 238
OH 38,553 44,428 -5,875 92 141 -49
OK 10,000 10,841 -841 27 47 -20
OR 11,937 13,886 -1,949 56 58 -2
PA 19,774 23,847 -4,073 291 296 -5
RI 3,474 4,053 -579 29 10 19
SC 3,472 3,847 -375 66 107 -41
SD 1,405 1,697 -292 1 12 -11
TN 20,263 22,370 -2,107 217 233 -16
TX 21,047 23,694 -2,647 675 926 -251
UT 11,006 12,185 -1,179 53 90 -37
VA 18,892 22,408 -3,516 171 208 -37
VT 819 926 -107 2 1 1
WA 22,308 24,899 -2,591 212 301 -89
WI 19,323 21,349 -2,026 97 87 10
WV 3,476 4,147 -671 32 49 -17
WY 1,099 1,159 -60 21 16 5
NATIONAL 843,545 992,332 -148,787 10,361 11,529 -1,168

 

Source: U.S. Courts Bankruptcy Statistics, www.uscourts.gov

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