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Even as our country begins the gradual climb to financial recovery, the price of bankruptcy continues to to increase year after year. Research indicates that there are well over one-million cases of bankruptcy filed in the United States each year, including both personal and company filings. In 2009, there were a total of OF JUST ONE,402,816 bankruptcy cases filed, 1,344,095 of which were non-company and 58,721 of which were business entities. While the states together with the best bankruptcy rates in in the USA are Tennessee, Utah, Georgia and Alabama, the proportion of bankruptcy filings has improved by way of a fantastic offer in most U. S. states over the past four years, including Oklahoma.

 

 Statistically, In 2007, the total amount of bankruptcy filings in Oklahoma was 8,742, 77% that were Chapter 7 while 23% were Chapter 1 3. In 2008, there were 10,858 bankruptcy filings in Oklahoma, 80% that were Chapter 7, while 20% were Chapter 1 3. In 2009, there were 13,8 13 bankruptcy filings in Oklahoma; 83% were Chapter 7 and 17% were Chapter 13. This year, the cumulative amount of bankruptcy filings in Oklahoma was 11,278, 83% that were Chapter 7 and 17% that were Chapter 13. Oklahoma has experienced an increase of bankruptcy filings percapita every year, really almost doubling from 2. 44 filings per 1000 individuals in 2007 to 4. 08 filings per 1000 individuals this year. Look up national bankruptcy data online for further details. 

 

 Researchers have collected info from cases of bankruptcy submitted, creating a account of the typical bankruptcy filer. It's estimated that, as of 2008, 44% of people filing for bankruptcy are couples, 30% are women filing alone, and 26% are men filing alone. Two out of three filers have lost their job and half have have seen a serious health condition. Fewer than 9% of bankruptcy filers haven't experienced job loss, divorce or significant health-related problems.

 

 In Oklahoma alone, there was an increase in percapita bankruptcy filings in 2010 while not exactly double D that of 2007. More specifically, the percentage of individuals who were capable to qualify for Chapter 13 bankruptcy reduced each yr, indicating that less and less folks are in a position to re-pay their debt over time, opting rather for Chapter 7 bankruptcy, also called "liquidation. " As the tendencies of bankruptcy circumstances in Oklahoma and other states display, an increasing number of people each yr find themselves unable to spend their charges and mortgages on time, if at all, coinciding using the mind-boggling proportion of filers that have lost their careers or experienced a divorce or serious health-related issue.

 

 There are certain methods and requirements necessary to file for bankruptcy which vary state by state and it is imperative to to be familiar with those procedures before moving forward with filing. As an example, should you be considering filing for bankruptcy in Oklahoma, you are going to need to know whether you qualify for Chapter 7 or Chapter 13 bankruptcy. It could be a good idea to contact an experienced Oklahoma bankruptcy lawyer to direct you through the process of filing for bankruptcy. For further info, you can get a hold of a Bankruptcy List online.