Indiana Among the Top States for Bankruptcy Filings

By Peter Ambrose

Indiana Among the Top States for Bankruptcy Filings

June 18, 2010 Updated Apr 16, 2008 at 5:08 AM EDT

WASHINGTON (AP) - A new report lists Indiana among 10 states with the highest per capita rates of bankruptcy filings.

Overall, the American Bankruptcy Institute says bankruptcy filings jumped 38 percent last year, compared with 2006, as many consumers struggled with higher mortgage payments and other debt loads.

The increase follows a significant drop in bankruptcy filings in 2006, after a new law made it more difficult for consumers to seek
bankruptcy protection from creditors.

The largest increases came from California and Nevada, where the
real estate bust has hit particularly hard. According to the report, the 10 states with the highest per capita filing rates were: Tennessee, Georgia, Alabama, Indiana, Michigan, Ohio, Nevada, Arkansas, Kentucky and Mississippi.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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