* 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: 2005–2018
Permanent Link: http://data.sagepub.com/sagestats/5100
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 11 is the chapter of the Bankruptcy Code that allows a business or individual to "reorganize, " remaining in business while paying creditors over time. A bankruptcy filing is defined as "business" if debtor is a corporation or partnership, or if an individual's debt is predominantly for business purposes.