How common is Bankruptcy? Do you know of anyone who has filed for bankruptcy? It is most likely that you know someone who has gone through the legal process of bankruptcy because of their negligent payments on their credit cards, mortgage, medical bills, etc. But how common is it in the state of Maryland? If we look at Maryland in terms of their counties, the list for the highest bankruptcy rate is Prince George’s County, Baltimore City, Charles County, and then Baltimore County. All four of these Maryland counties rank in the top 100 counties in the United States for the highest bankruptcy rate per 100,000 people in 2015-2016.
Prince George’s County ranks 49th on the list with 450.52 people per 100,000 filing for bankruptcy, Baltimore City ranks 66th with 423.77 per 100,000, Charles County ranks 69th with 421.97 people per 100,000, and lastly, Baltimore County ranks 83rd on the list with 405.15 people per 100,000. One thing to note for these rankings is that Baltimore City and Prince George’s County are in the top 5 for east coast counties. Most of the counties on the list came from the south, spreading across Georgia, Alabama, Mississippi, and Tennessee. Maryland still has one of the higher number of counties in the top 100 with 4, but still does not touch the highest number of counties, which is Georgia with 19.
Since the Law Offices of Nick Del Pizzo, your bankruptcy lawyer, operate in Baltimore City, let’s take a look at some of the totals for Baltimore City statistics. In 2012, there was a total of 3,244 people who filed for bankruptcy, 2,722 of those people filed for Chapter 7 Bankruptcy and 521 of those filed for Chapter 13 Bankruptcy.
These people need to get out of debt, and start again with their lives, at the Law Office of Nick Del Pizzo, we can make it easy for you by calling our toll free number 1-800-BANKRUPT. Don’t be another statistic on the board, call today to get experienced legal help!