Bankruptcy Filing Trends in Missouri · State at a Glance Missouri National Population (7/1/2019)...
Transcript of Bankruptcy Filing Trends in Missouri · State at a Glance Missouri National Population (7/1/2019)...
Bankruptcy Filing Trends in Missouri
Prepared by: The American Bankruptcy Institutehttp://www.abi.org/ Updated
February 2020
Missouri
Prepared by: The American Bankruptcy Institutehttp://www.abi.org
State at a GlanceMissouri National
Population (7/1/2019) 6,137,428 328,239,523
- Change since 2010 2.5% 6.3%
- Foreign Born 4.1% 13.5%
Size (Square Miles) 68,742 3,531,905
Median Household Income $53,560 $60,293
Persons per Household 2.47 2.63
Per Capita Income $29,537 $32,621
Median Home Value $151,600 $204,900
Homeownership Rate 66.8% 63.8%
High School Graduate (or Higher) 89.6% 87.7%
College Graduate (or Higher) 28.6% 31.5%
Disabled 10.4% 8.6%
No Health Insurance 11.2% 10.0%
In Poverty 13.2% 11.8%
Source: U.S. Census Bureau January 2020
Bankruptcy Filings in MissouriCalendar Years 2000 - 2019
Year Total Chapter 7 Chapter 11 Chapter 13 Other Cases
2000 26,020 18,371 79 7,559 11
2001 30,704 22,231 197 8,266 10
2002 34,291 25,110 118 9,051 12
2003 37,830 27,509 119 10,183 19
2004 37,605 28,107 84 9,411 3
2005 52,498 43,463 62 8,973 0
2006 15,707 9,958 54 5,680 15
2007 21,257 14,123 61 7,066 7
2008 25,396 17,680 82 7,626 8
2009 31,303 23,363 116 7,813 11
2010 33,297 24,130 108 9,036 23
2011 29,083 21,198 114 7,763 8
2012 28,217 20,280 195 7,739 3
2013 23,963 17,120 74 6,763 6
2014 21,170 14,896 61 6,206 7
2015 19,195 13,066 50 6,075 4
2016 18,380 12,072 303 5,995 10
2017 18,140 11,938 85 6,110 7
2018 17,249 11,231 37 5,971 10
2019 17,054 10,774 76 6,195 9
0
10,000
20,000
30,000
40,000
50,000
60,000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Total Bankruptcy Cases Filed in MissouriCalendar Years 2000 - 2019
52,498
17,054
33,297
More than 25%Above Average
Within 25% of Average
More than 25%Below Average
Total Filings Relative to Population 2000 - 2019
Missouri 18% AboveAverage
D.C. Puerto Rico
0.0
2.0
4.0
6.0
8.0
10.0
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
National Missouri
Bankruptcy Filings per 1,000 Population Missouri vs. National Average 2000 - 2019
2019
0
10,000
20,000
30,000
40,000
50,000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 7 Cases Filed In MissouriCalendar Years 2000 - 2019
43,463
24,130
10,774
2019
0
100
200
300
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 11 Cases Filed in Missouri2000 - 2019
303
76
2019
0
10
20
30
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 12 Cases Filed in Missouri2000 - 2019
Note: Chapter 12 was not availablefor certain periods of time each yearfrom 2000 to 2004.
2019
0
2,000
4,000
6,000
8,000
10,000
12,000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 13 Cases Filed in Missouri2000 - 2019
10,183
6,195
2019
Percent of Cases Filed as Chapter 13 Calendar Years 2000 - 2019
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
National Missouri2019
$0.0
$15.0
$30.0
$45.0
$60.0
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Paym
ents
($ M
illio
ns)
Chapter 13 Cases in Missouri Amount (in Millions) Paid to Unsecured Creditors
Fiscal Years 2000 - 2018
Source: Executive Office for United States Trustees
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
National Missouri
Unemployment Rate By Quarter 2006 - 2019
Source: Bureau of Labor Statistics
Percent Change in Total Filings Calendar Year 2019 Compared to 2010
(National Average = 51% Decrease)
Amount of DecreaseUnder 40% 60.0% or More40.0% – 59.9%
Puerto RicoD.C.
-49%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Missouri National
Filing Trends By Quarter Missouri vs. National Average(Percent Change From Same Quarter One Year Prior)
Decline Over 5% Decline 0 - 5% Increase 0 - 5%
Bankruptcy Filing Trends Calendar Year 2019 vs. 2018
D.C. Puerto Rico
National Average = .2% IncreaseIncrease Over 5%
-1.1%
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