During the 12 months through March 31, 2020, Cook County in Illinois registered the highest number of Chapter 7 bankruptcies of any county in the United States with 16,071 non-business and 305 business bankruptcy cases filed.
Chapter 7 bankruptcy is the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold.
Counties with the most Chapter 7 bankruptcy filings in the United States for the 12 months through March 2020
Data is for 12 months through March 31, 2020.
The nature of debt is business if the debtor is a corporation or partnership, or if debt related to the operation of a business predominates. Non-business debt includes consumer debt or other debt that the debtor indicates is not consumer debt or business debt.
Chapter 7 bankruptcy is the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold.
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US Courts. (March 31, 2020). Counties with the most Chapter 7 bankruptcy filings in the United States for the 12 months through March 2020 [Graph]. In Statista. Retrieved September 23, 2020, from https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
US Courts. "Counties with the most Chapter 7 bankruptcy filings in the United States for the 12 months through March 2020." Chart. March 31, 2020. Statista. Accessed September 23, 2020. https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
US Courts. (2020). Counties with the most Chapter 7 bankruptcy filings in the United States for the 12 months through March 2020. Statista. Statista Inc.. Accessed: September 23, 2020. https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
US Courts. "Counties with The Most Chapter 7 Bankruptcy Filings in The United States for The 12 Months through March 2020." Statista, Statista Inc., 31 Mar 2020, https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
US Courts, Counties with the most Chapter 7 bankruptcy filings in the United States for the 12 months through March 2020 Statista, https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/ (last visited September 23, 2020)
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