Tuesday, January 18, 2011

Personal Bankruptcies in 2010, by State

Personal bankruptcies rose 9% to 1,530,078 in 2010 from a year earlier, reaching their highest level since a revamp of the bankruptcy law took effect in 2005, according to the American Bankruptcy Institute, an association of attorneys and other bankruptcy professionals, and the National Bankruptcy Research Center.

But some states fared better than others. Southern states such as Tennessee, South Carolina, North Carolina, Alabama and Kentucky posted declines in the number of bankruptcies recorded last year. Meanwhile, states still struggling with housing busts, such as California, Arizona and Florida were among those with the largest increases.

Bankruptcy Filings, by State

Click on the top of a column to resort the chart.

State 2010 Change from year earlier
Alaska 13.3%
Alabama -2.3%
Arkansas 0.0%
Arizona 23.9%
California 25.0%
Colorado 17.4%
Connecticut 12.5%
Washington DC 10.5%
Delaware 10.6%
Florida 16.5%
Georgia 6.1%
Hawaii 28.9%
Iowa -3.6%
Idaho 8.9%
Illinois 11.7%
Indiana -1.1%
Kansas 2.8%
Kentucky -2.7%
Louisiana 2.2%
Massachusetts 13.9%
Maryland 15.2%
Maine 9.0%
Michigan -0.9%
Minnesota 4.5%
Missouri 6.8%
Mississippi -2.1%
Montana 14.3%
North Carolina -2.5%
North Dakota 4.0%
Nebraska 5.2%
New Hampshire 7.4%
New Jersey 15.3%
New Mexico 8.7%
Nevada 1.1%
New York -0.4%
Ohio 0.1%
Oklahoma 5.8%
Oregon 10.2%
Pennsylvania 5.0%
Rhode Island 7.3%
South Carolina -4.1%
South Dakota 8.3%
Tennessee -7.2%
Texas 6.2%
Utah 24.4%
Virginia 2.7%
Vermont 5.2%
Washington 9.3%
Wisconsin 10.4%
West Virginia -7.1%
Wyoming 17.3%

Sources: National Bankruptcy Research Center

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