Bankruptcy Filing Trends in Missouri

Prepared by: The American Bankruptcy Institutehttp://www.abi.org/ Updated

February 2020

Missouri

Prepared by: The American Bankruptcy Institutehttp://www.abi.org

State at a GlanceMissouri National

Population (7/1/2019) 6,137,428 328,239,523

- Change since 2010 2.5% 6.3%

- Foreign Born 4.1% 13.5%

Size (Square Miles) 68,742 3,531,905

Median Household Income $53,560 $60,293

Persons per Household 2.47 2.63

Per Capita Income $29,537 $32,621

Median Home Value $151,600 $204,900

Homeownership Rate 66.8% 63.8%

High School Graduate (or Higher) 89.6% 87.7%

College Graduate (or Higher) 28.6% 31.5%

Disabled 10.4% 8.6%

No Health Insurance 11.2% 10.0%

In Poverty 13.2% 11.8%

Source: U.S. Census Bureau January 2020

Bankruptcy Filings in MissouriCalendar Years 2000 - 2019

Year Total Chapter 7 Chapter 11 Chapter 13 Other Cases

2000 26,020 18,371 79 7,559 11

2001 30,704 22,231 197 8,266 10

2002 34,291 25,110 118 9,051 12

2003 37,830 27,509 119 10,183 19

2004 37,605 28,107 84 9,411 3

2005 52,498 43,463 62 8,973 0

2006 15,707 9,958 54 5,680 15

2007 21,257 14,123 61 7,066 7

2008 25,396 17,680 82 7,626 8

2009 31,303 23,363 116 7,813 11

2010 33,297 24,130 108 9,036 23

2011 29,083 21,198 114 7,763 8

2012 28,217 20,280 195 7,739 3

2013 23,963 17,120 74 6,763 6

2014 21,170 14,896 61 6,206 7

2015 19,195 13,066 50 6,075 4

2016 18,380 12,072 303 5,995 10

2017 18,140 11,938 85 6,110 7

2018 17,249 11,231 37 5,971 10

2019 17,054 10,774 76 6,195 9

0

10,000

20,000

30,000

40,000

50,000

60,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Total Bankruptcy Cases Filed in MissouriCalendar Years 2000 - 2019

52,498

17,054

33,297

More than 25%Above Average

Within 25% of Average

More than 25%Below Average

Total Filings Relative to Population 2000 - 2019

Missouri 18% 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 Missouri

Bankruptcy Filings per 1,000 Population Missouri vs. National Average 2000 - 2019

2019

0

10,000

20,000

30,000

40,000

50,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 7 Cases Filed In MissouriCalendar Years 2000 - 2019

43,463

24,130

10,774

2019

0

100

200

300

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 11 Cases Filed in Missouri2000 - 2019

303

76

2019

0

10

20

30

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 12 Cases Filed in Missouri2000 - 2019

Note: Chapter 12 was not availablefor certain periods of time each yearfrom 2000 to 2004.

2019

0

2,000

4,000

6,000

8,000

10,000

12,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 13 Cases Filed in Missouri2000 - 2019

10,183

6,195

2019

Percent of Cases Filed as Chapter 13 Calendar Years 2000 - 2019

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

National Missouri2019

$0.0

$15.0

$30.0

$45.0

$60.0

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Paym

ents

($ M

illio

ns)

Chapter 13 Cases in Missouri Amount (in Millions) Paid to Unsecured Creditors

Fiscal Years 2000 - 2018

Source: Executive Office for United States Trustees

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

National Missouri

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.

-49%

-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

Missouri National

Filing Trends By Quarter Missouri 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%

-1.1%

www.abi.org