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Bankruptcy Statistics For Each State Now Available on Interactive Map
July 29, 2010
Certain statistical information about bankruptcy filings in your state, and how your state compares with all others, is newly available on an interactive map.
The map, prepared by the Administrative Office of the U.S. Courts, displays the average “net scheduled debt” for consumer bankruptcy filings in 2009. Net scheduled debt is the difference between someone’s total reported debt and the amount of reported debt that cannot be discharged, or forgiven, in bankruptcy court.
The Administrative Office is required to report such statistics to Congress under a 2005 federal law, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
You can see the interactive map here. For more information about the statistics and the 2005 law, see this article in the Third Branch newsletter.