After years of encouraging downward trends, bankruptcies in the U.S. could once again be in focus. With the economy potentially facing a recession, inflation eating into budgets, lenders raising interest rates, and some industries seeing major layoffs, households are starting to feel greater financial pressures that could make it harder to keep up with debt payments and cause bankruptcies to rise again. But bankruptcies in the U.S. are spread unevenly across geography. Researchers calculated the number of bankruptcies in 2021 per million residents, then ranked states accordingly.

Originally published on smartestdollar.com, part of the TownNews Content Exchange.

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