Ohio’s Bankruptcy Rate Rises Fastest

Akron Beacon Journal - February 24, 2005

The Akron Beacon Journal

Ohio’s rate of personal bankruptcies rose faster than that of any other state at the beginning of this decade, and the Buckeye State has the eighth-highest rate in the nation, according to a report released by Cleveland-based Policy Matters Ohio.

Bankruptcy rates in the state and the nation rose to records in 2003, the latest year the report examines.

There were 7.7 personal bankruptcy filings for every 1,000 Ohio residents, up from 4.6 in 2000; there were 5.5 for every 1,000 Americans, the group said.

Amy Hanauer, executive director of Policy Matters, blamed job losses in Ohio.

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