Bankruptcy Filing Trends in Ohio

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

February 2020

Ohio

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

State at a GlanceOhio National

Population (7/1/2019) 11,689,100 328,239,523

- Change since 2010 1.3% 6.3%

- Foreign Born 4.5% 13.5%

Size (Square Miles) 40,861 3,531,905

Median Household Income $54,533 $60,293

Persons per Household 2.43 2.63

Per Capita Income $30,304 $32,621

Median Home Value $140,000 $204,900

Homeownership Rate 66.0% 63.8%

High School Graduate (or Higher) 90.1% 87.7%

College Graduate (or Higher) 27.8% 31.5%

Disabled 10.1% 8.6%

No Health Insurance 7.7% 10.0%

In Poverty 13.9% 11.8%

Source: U.S. Census Bureau January 2020

Bankruptcy Filings in OhioCalendar Years 2000 - 2019

Year Total Chapter 7 Chapter 11 Chapter 13 Other Cases

2000 54,184 42,458 203 11,510 13

2001 71,086 57,465 256 13,361 4

2002 78,825 62,516 227 16,069 13

2003 89,771 71,069 211 18,472 19

2004 89,848 70,488 208 19,151 1

2005 135,640 114,476 169 20,988 7

2006 35,423 22,597 133 12,689 4

2007 50,723 33,670 184 16,865 4

2008 58,309 42,033 166 16,101 9

2009 70,787 54,684 241 15,853 9

2010 70,641 54,141 163 16,324 13

2011 58,754 44,428 141 14,171 14

2012 50,576 38,553 92 11,922 9

2013 47,892 36,486 111 11,284 11

2014 41,278 31,589 59 9,628 2

2015 38,711 28,955 99 9,651 6

2016 36,957 27,855 52 9,048 2

2017 38,078 28,457 63 9,548 10

2018 37,210 27,705 57 9,441 7

2019 37,411 28,260 148 8,989 14

0

25,000

50,000

75,000

100,000

125,000

150,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Total Bankruptcy Cases Filed in OhioCalendar Years 2000 - 2019

135,640

37,411

2019

70,787

More than 25%Above Average

Within 25% of Average

More than 25%Below Average

Total Filings Relative to Population 2000 - 2019

Ohio 34% AboveAverage

D.C. Puerto Rico

0.0

3.0

6.0

9.0

12.0

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

National Ohio

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

2019

0

25,000

50,000

75,000

100,000

125,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 7 Cases Filed In OhioCalendar Years 2000 - 2019

114,476

54,68428,260

2019

0

100

200

300

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 11 Cases Filed in Ohio2000 - 2019

148

241

2019

0

5,000

10,000

15,000

20,000

25,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 13 Cases Filed in Ohio2000 - 2019

20,988

8,989

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 Ohio2019

$0.0

$25.0

$50.0

$75.0

$100.0

$125.0

$150.0

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Paym

ents

($ M

illio

ns)

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

Fiscal Years 2000 - 2018

Source: Executive Office for United States Trustees

0

10

20

30

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 12 Cases Filed in Ohio2000 - 2019

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

14

2019

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 Ohio

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.

-47%

-25.0%

-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

Ohio National

Filing Trends By Quarter Ohio 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%

+.5%

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