James-Pintar/Thinkstock Bankruptcies were the highest in Wisconsin, Kansas and Nebraska. Largest decrease in filings was in Georgia and Pennsylvania.
Feb 02, 2021
Chapter 12 family farm and family fishery bankruptcies totaled 552 filings during 2020, down 43 filings or 7% from 2019, according to data from the U.S. Courts. The number of bankruptcies was the third highest over the last decade.
Here s a closer look at the data:
District Court data indicates that Chapter 12 bankruptcies were the highest in western Wisconsin at 39 filings, followed by Kansas at 35, Nebraska at 32 and eastern Wisconsin at 30.
The 10 District Courts with the highest number of filing represented 48% of all Chapter 12 bankruptcies during 2020.