* 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/5102
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 13 is the chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income. (Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years). 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.