Sunday, January 14, 2018

Bankruptcy Filings, 2007-2017

Quarterly bankruptcy filings, all chapters.  Data from HERE.
Interesting ripple in the data.  April-May-June period seems to have the highest rate of filing.  Taxes?

Vertical red lines approximate presidential elections.

The depths of the Great Recession had twice as high a bankruptcy rate as mid-2007.  The rate now is lower than mid-2007, especially when you consider that the US population has grown about 10% since then.

In very round numbers, approximately seven of every thousand US households declare bankruptcy in a year.

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