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. It appears 2019 was no exceptionâAlabama has held the top slot for per capita filings for several years. Moreover, the state has so far continued to hold the lead in 2020. Even though we are at the end of the year, the data lags a bit and it certainly appears we will end up the highest again. 2020 Bankruptcy filing rates have dropped across the country due to the disruption of the pandemic, but Alabama remains far above the national average.Â
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