Filing for Bankruptcy in California
According to the Administrative Office of the U.S. Courts, the number of bankruptcies filed in 2012 was 1,221,091. Each three month period in 2012 saw a decrease in the number of filings, which has been the trend for the last few years. The three states in the 9th district with the most bankruptcy filings for all chapters for 2012 were Arizona, Nevada and California. The top three states with the most Chapter 7 bankruptcy filings for 2012 were Tennessee, Georgia and Nevada.
The state with the most Chapter 13 bankruptcy filings was Tennessee. There is speculation by a Columbia Law Professor that 2013 will see an increase in the numbers of bankruptcies being filed. Bankruptcy attorneys should be prepared to take on more cases than ever as the number or people who files bankruptcy is supposed