Comparing Metro Phoenix
Personal Bankruptcy Filings
Description: The data represent personal bankruptcy filings per 1000 population by metropolitan area.
Rationale: The rate of personal bankruptcy filings is a measure of the underlying economic well-being of individuals in an economy.
Data Source: U.S. Bankruptcy Court, District of Arizona, http://www.azb.uscourts.gov The bankruptcy data are available monthly from 2005 on a statewide basis, and are available annually by county.
Comments on the Quality of the Data: Variations in the rate of personal bankruptcy filings may be caused by changes in bankruptcy law rather than by economic pressures. A increase in filings in 2005 occurred prior to the passing of the latest changes in the bankruptcy code. A sharp decrease followed in 2006 after the more-stringent bankruptcy code was passed.
