Idaho's Bankruptcy Rate Improves
May 30, 2007 |
Posted By Guest Attorney
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Idaho fell from 14th to 17th place among states with the highest rate of bankruptcy filings in 2006, according to industry data. The American Bankruptcy Institute tracks bankruptcy filings per household in each state. In 2006, Tennessee had the highest bankruptcy rate, with one filing per 84 households.
States in the Intermountain region saw their bankruptcy rankings improve, primarily because the mountain states are outperforming the national economy. Nevada, ranked 7th in 2005, rose to 14th in 2006. Utah rose from 3rd to 10th. Wyoming rose from 32nd to 44th place, and Colorado from 11th to the 19th spot.
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