According to the U.S. Bankruptcy Courts, bankruptcy filings are up 34% over last fiscal year. To find out how your state ranks in bankruptcy filings, see the chart below provided by The Calculated Risk Blog.
I was talking with a family member on Thanksgiving Day about how professions that you wouldn't think would be affected by the current economy are suffering. It seems that nobody is safe anymore. My response was, "The only occupations that are truly safe in a poor economy is funeral director and bankruptcy attorney."
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Lina Robertson Jones
Owner/Agent
RE/MAX Solutions
1715 James River Road
Ozark, MO, 65721 |
Mobile: (417) 844-7265
linarobertson@remax.net
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RE/MAX - Outstanding Agents, Outstanding Results!
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About the author: I am full-time REALTOR® with RE/MAX Solutions in Springfield, MO, and a member of the Greater Springfield Board of REALTORS®. I have helped hundreds of families in the Springfield, Nixa, Republic and Ozark real estate markets, whether buying a home, or selling a home. Visit my website at www.ozarks-realestate.com to search for All Springfield MO Area MLS listings. Want to know what our market is like? My website is also an excellent resource for current Springfield MO Area Real Estate Market Reports, as well as current market reports for Ozark, Nixa, Republic, and Rogersville.
Lina - Great graph! Thanks for sharing!
Another nice chart, Lina. Isn't it interesting how D.C. is at the very bottom of the list, followed only by Alaska?
Schucks! At first I thought that was a year-to-date graph, and if so it would show filings going down. Then I read it, and it's state-by-state. AGHHHH!! But thanks for the graph!
There's good old Oregon...right in the middle as usual.
Very interesting information, Lina. Just another indicator that we have some significant work to do before our wonderful country can return to a stabilized economy.
Lina
Looks like the economy has got a long ways to go before things really turn around. People who are broke usually file. Does our country need too?
Gina - Thanks for the comment.
Chris - I noticed where DC was too!
Carla - It's deceiving when you look at it at first. I'd like to find a year to date chart.
Jim - Missouri was farther up on the list than I expected as well.
Kathryn - I think we're going to be here for a couple of years.
Trey - That's funny. I think our country might be headed there!
This is a very interesting chart that I had never seen before. Sure is an eye-opener, isn't it. Thanks.
Lina - I'm not shocked that there has been an increase in bankruptcy filings, but I am a little surprised by the order of states.