Bankruptcy filings rose 27 percent nationwide and nearly 30 percent in Massachusetts in the past 12 months ending March 31, according to the Administrative Office of the US Courts.
More than 1.5 million US businesses and individuals filed for bankruptcy, the highest number of filings since 2006, just before Congress made it tougher to file for some people to file for bankruptcy. In Massachusetts the figures jumped from 17,131 to 22,249 for the 12 months ending in March, compared to the same period a year earlier.
Despite the jump, Massachusetts still ranked just 35th in bankruptcies per capita. The largest jump nationwide during the period was in Arizona, where filings jumped 69.2 percent to 27,690. Nationally, Nevada ranked first in bankruptcies per capita with 11.7 filings per 1,000 residents, more than triple the rate for Massachusetts. Tennessee ranked second, followed by Georgia, Indiana, and Alabama.
More data can be found here.
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