Bankruptcy Report for 2017

Consumers filing for bankruptcy in 2017 reported assets of $80 billion and total liabilities of $105 billion, according to an annual report filed by the Judiciary with Congress.

The report describes the activities of individuals with predominately consumer debt. Other Image result for bankruptcyhighlights of the report include:

  • 62% of assets were real property.
  • The median average income reported by debtors was $2,701 a month, and the median monthly expenses were $2,645.
  • A total of 742,323 consumer bankruptcy petitions were filed in 2017, 1% fewer than in 2016.
  • 61% of the petitions were filed under Chapter 7.

If you are thinking about bankruptcy call our law office at 816-524-4949 or visit our website at

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