Written by Craig D. Robins, Esq.
As the recession took hold of the economy, bankruptcy filings have surged from prior levels.
As indicated in the chart below, which was based on data from Automated Access to Court Electronic Records (AACER) , New York had 28,623 bankruptcy filings in the first half of the year.
Of those filings about 80% were Chapter 7 cases and 20% were Chapter 13 cases.
Based on per capita filings, New York only ranks 37th among all states. The state with the most filings per capita was Nevada with 10.58 bankruptcies per capita
|2009 Bankruptcies for New York
|Ratio of filings
|Cumulative 2009 filings||28,623|
|Filings per capita (1,000 people)||2.94|
|State rank based on per capita filings||37|
|Total population (July 1, 2008, estimated census)||19,490,297|
|Increase or decrease in per capita filings, 2009 (annualized) over 2008||0.54|
|Rank based on greatest annual per capita increase|