bankruptcy filing trends in louisiana - amazon web services€¦ · 36,742 12,951 2019 19,159. more...
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Bankruptcy Filing Trends in Louisiana
Prepared by: The American Bankruptcy Institutehttp://www.abi.org/ Updated
February 2020
Louisiana
Prepared by: The American Bankruptcy Institutehttp://www.abi.org
State at a GlanceLouisiana National
Population (7/1/2019) 4,648,794 328,239,523
- Change since 2010 2.5% 6.3%
- Foreign Born 4.1% 13.5%
Size (Square Miles) 43,204 3,531,905
Median Household Income $47,942 $60,293
Persons per Household 2.61 2.63
Per Capita Income $27,027 $32,621
Median Home Value $157,800 $204,900
Homeownership Rate 65.3% 63.8%
High School Graduate (or Higher) 84.8% 87.7%
College Graduate (or Higher) 23.7% 31.5%
Disabled 11.0% 8.6%
No Health Insurance 9.3% 10.0%
In Poverty 18.6% 11.8%
Source: U.S. Census Bureau January 2020
Bankruptcy Filings in LouisianaCalendar Years 2000 - 2019
Year Total Chapter 7 Chapter 11 Chapter 13 Other Cases
2000 23,135 13,316 141 9,669 9
2001 27,019 16,603 145 10,264 7
2002 27,133 16,546 153 10,411 23
2003 29,575 18,052 118 11,365 40
2004 29,823 18,236 127 11,457 3
2005 36,742 25,415 103 11,203 21
2006 11,226 4,272 141 6,799 14
2007 14,277 4,806 109 9,330 32
2008 15,555 5,600 87 9,859 9
2009 18,780 6,798 148 11,823 11
2010 19,159 7,429 142 11,577 11
2011 17,547 6,239 98 11,194 16
2012 16,307 5,741 93 10,467 6
2013 15,890 5,228 85 10,572 5
2014 14,999 4,383 128 10,481 7
2015 13,994 4,062 105 9,822 5
2016 13,545 3,931 97 9,500 17
2017 13,606 4,144 116 9,330 16
2018 13,390 3,995 84 9,299 12
2019 12,951 4,092 82 8,763 14
0
10,000
20,000
30,000
40,000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Total Bankruptcy Cases Filed in LouisianaCalendar Years 2000 - 2019
36,742
12,951
2019
19,159
More than 25%Above Average
Within 25% of Average
More than 25%Below Average
Total Filings Relative to Population 2000 - 2019
Louisiana 10% 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 Louisiana
Bankruptcy Filings per 1,000 Population Louisiana vs. National Average 2000 - 2019
2019
0
5,000
10,000
15,000
20,000
25,000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 7 Cases Filed In LouisianaCalendar Years 2000 - 2019
25,415
7,4294,092
2019
0
50
100
150
200
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 11 Cases Filed in Louisiana2000 - 2019
82
2019
0
2,500
5,000
7,500
10,000
12,500
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 13 Cases Filed in Louisiana2000 - 2019
11,8238,763
2019
Percent of Cases Filed as Chapter 13 Calendar Years 2000 - 2019
0.0%
20.0%
40.0%
60.0%
80.0%
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
National Louisiana
2019
$0.0
$15.0
$30.0
$45.0
$60.0
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Paym
ents
($
Mill
ions
)Chapter 13 Cases in Louisiana
Amount (in Millions) Paid to Unsecured CreditorsFiscal Years 2000 - 2018
Source: Executive Office for United States Trustees
0
10
20
30
40
50
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 12 Cases Filed in Louisiana2000 - 2019
Note: Chapter 12 was not availablefor certain periods of time each yearfrom 2000 to 2004.
14
2019
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
National Louisiana
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.
-32%
-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
Louisiana National
Filing Trends By Quarter Louisiana 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%
-3.3%
