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HomeValue Investing20+ Private Chapter Statistics for 2023

20+ Private Chapter Statistics for 2023


State Chapter Charges by Chapter

Alabama has the best chapter fee throughout Chapters 7 and 13, with round 297 residents per 100,000 inhabitants petitioning chapter courts for defense.

Subsequent are Missouri and Nevada, with about 252 and 223 residents per 100,000 inhabitants, respectively.

Alaska boasts the bottom chapter charges throughout Chapters 7 and 13; solely about 30 residents filed for chapter per 100,000 individuals.

Chapter 7 Chapter Submitting by State 2021

California recorded the best variety of Chapter 7 chapter filings in 2020 and 2021, 42,663 and 34,855, respectively.

Alaska is on the alternative finish of the size, with 272 Chapter 7 filings in 2020 and 188 in 2021.

Nevertheless, this rating adjustments after we contemplate the variety of filings per 100,000 individuals. Utilizing this method, Nevada has the best chapter fee, with roughly 197 petitions beneath Chapter 7 chapter per 100,000 individuals. It’s intently adopted by Indiana (roughly 149 filings per 100,000 individuals), Ohio (roughly 142 filings per 100,000 individuals), and Michigan (round 133 filings per 100,000 individuals).

Wyoming experiences the bottom chapter charges, with roughly ten petitions beneath Chapter 7 chapter per 100,000 individuals. Others at this stage are Alaska (round 26 filings per 100,000 individuals), North Carolina (round 29 filings per 100,000 individuals), and South Carolina (round 31 filings per 100,000 individuals)[5].

Chapter 13 Chapter Submitting by State 2021

An identical situation performs out when contemplating petitions beneath Chapter 13 chapter. Focusing totally on the variety of Chapter 13 chapter filings places Georgia forward with 10,985 petitions in 2021. Washington, DC reveals the bottom numbers, with 31 Chapter 13 petitions filed in court docket for the calendar yr 2021.

As with the earlier evaluation, the rating dramatically flips after we shift the main focus to the speed of Chapter 13 chapter filings per 100,000 individuals. Alabama as soon as once more has the best fee, with roughly 180 petitions per 100,000 individuals. Tennessee follows intently with round 110 filings per 100,000 individuals, Georgia (round 102 filings per 100,000 individuals), Mississippi (round 90 filings per 100,000 individuals), and Arkansas (round 86 filings per 100,000 individuals).

Wyoming boasts the bottom variety of petitions beneath Chapter 13 per 100,000, with lower than one. Different states on this class embody Alaska, with roughly 4 filings per 100,000 individuals, Washington DC (round 5 filings per 100,000 individuals), North Dakota (round 6 filings per 100,000 individuals), and Maine (round 7 filings per 100,000 individuals)[5].

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