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Chapter 7 Bankruptcy Filings, Total (County)

Source: Bankruptcy Statistics, Administrative Office of the U.S. Courts
Topic: EconomySubtopic: Business Firm FinancialsCategory: Business Bankruptcy
Product: Business Stats, Local StatsDate Updated: September 2020Update Tips
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    * In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), which adjusted the requirements for filing for bankruptcy with the intention of reducing the number of bankruptcy cases. Before the new requirements took effect, a large number of bankruptcy cases were opened in 2005. Subsequent years did see a decrease in bankruptcy cases compared to 2005.

    Years Available: 2005–2019

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    General Notes: *Median value gives the value for the "average" county for this metric, the 50th percentile of all counties reporting data. Some reporting counties were excluded due to complications involving changing geographic boundaries. **Chapter 7 is the chapter of the Bankruptcy Code providing for "liquidation, " (that is, the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors).


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