kbowers's blog

Financial Struggles are a serious issue in Alabama.  In 2019, Alabama had the highest per capita bankruptcy filing rate in the country. At 5.62 filings per 1,000 people, Alabama more than doubled the national average. Neighboring Tennessee and Mississippi were also among the top five states. 2019 was no exception--Alabama has held the top slot for per capita filings for several years. And, the state has so far continued to hold the lead in 2020. 2020 rates have dropped across the country due to the disruption of the pandemic, but Alabama remains far above the national average.