Business
Georgia ranks 4th in bankruptcy filings
By PERALTE C. PAUL
June 9, 2009Georgia had the fourth-highest rate of bankruptcy filings in the country for the 12 months ended March 31, a study by the American Bankruptcy Institute shows.
The 65,990 bankruptcy filings in Georgia represent a 26 percent increase from the same 12-month period a year earlier, as the economic downturn continues.
The trend mirrors what's occurring nationally. The 12-month filing total of 1.2 million, nationally, represents an increase of more than 33 percent.
The state with the highest foreclosure filings is Tennessee followed by Nevada and then Alabama.
