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Bankruptcy Filing Trends in Louisiana
Prepared by: The American Bankruptcy Institutehttp://www.abi.org/ Updated
February 2020
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Louisiana
Prepared by: The American Bankruptcy Institutehttp://www.abi.org
State at a GlanceLouisiana National
Population (7/1/2019) 4,648,794 328,239,523
- Change since 2010 2.5% 6.3%
- Foreign Born 4.1% 13.5%
Size (Square Miles) 43,204 3,531,905
Median Household Income $47,942 $60,293
Persons per Household 2.61 2.63
Per Capita Income $27,027 $32,621
Median Home Value $157,800 $204,900
Homeownership Rate 65.3% 63.8%
High School Graduate (or Higher) 84.8% 87.7%
College Graduate (or Higher) 23.7% 31.5%
Disabled 11.0% 8.6%
No Health Insurance 9.3% 10.0%
In Poverty 18.6% 11.8%
Source: U.S. Census Bureau January 2020
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Bankruptcy Filings in LouisianaCalendar Years 2000 - 2019
Year Total Chapter 7 Chapter 11 Chapter 13 Other Cases
2000 23,135 13,316 141 9,669 9
2001 27,019 16,603 145 10,264 7
2002 27,133 16,546 153 10,411 23
2003 29,575 18,052 118 11,365 40
2004 29,823 18,236 127 11,457 3
2005 36,742 25,415 103 11,203 21
2006 11,226 4,272 141 6,799 14
2007 14,277 4,806 109 9,330 32
2008 15,555 5,600 87 9,859 9
2009 18,780 6,798 148 11,823 11
2010 19,159 7,429 142 11,577 11
2011 17,547 6,239 98 11,194 16
2012 16,307 5,741 93 10,467 6
2013 15,890 5,228 85 10,572 5
2014 14,999 4,383 128 10,481 7
2015 13,994 4,062 105 9,822 5
2016 13,545 3,931 97 9,500 17
2017 13,606 4,144 116 9,330 16
2018 13,390 3,995 84 9,299 12
2019 12,951 4,092 82 8,763 14
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0
10,000
20,000
30,000
40,000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Total Bankruptcy Cases Filed in LouisianaCalendar Years 2000 - 2019
36,742
12,951
2019
19,159
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More than 25%Above Average
Within 25% of Average
More than 25%Below Average
Total Filings Relative to Population 2000 - 2019
Louisiana 10% AboveAverage
D.C. Puerto Rico
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0.0
2.0
4.0
6.0
8.0
10.0
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
National Louisiana
Bankruptcy Filings per 1,000 Population Louisiana vs. National Average 2000 - 2019
2019
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0
5,000
10,000
15,000
20,000
25,000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 7 Cases Filed In LouisianaCalendar Years 2000 - 2019
25,415
7,4294,092
2019
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0
50
100
150
200
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 11 Cases Filed in Louisiana2000 - 2019
82
2019
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0
2,500
5,000
7,500
10,000
12,500
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 13 Cases Filed in Louisiana2000 - 2019
11,8238,763
2019
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Percent of Cases Filed as Chapter 13 Calendar Years 2000 - 2019
0.0%
20.0%
40.0%
60.0%
80.0%
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
National Louisiana
2019
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$0.0
$15.0
$30.0
$45.0
$60.0
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Paym
ents
($
Mill
ions
)Chapter 13 Cases in Louisiana
Amount (in Millions) Paid to Unsecured CreditorsFiscal Years 2000 - 2018
Source: Executive Office for United States Trustees
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0
10
20
30
40
50
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Chapter 12 Cases Filed in Louisiana2000 - 2019
Note: Chapter 12 was not availablefor certain periods of time each yearfrom 2000 to 2004.
14
2019
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0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
National Louisiana
Unemployment Rate By Quarter 2006 - 2019
Source: Bureau of Labor Statistics
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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.
-32%
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-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
Louisiana National
Filing Trends By Quarter Louisiana vs. National Average(Percent Change From Same Quarter One Year Prior)
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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%
-3.3%