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Til Debt Do Us Part

Quiz: QUIZ: Love And Debt

Question 2 of 10

In what American city have consumers declared the most bankruptcies?

  1. Cleveland
  2. Detroit
  3. Memphis
  4. New York
Correct!

Memphis, Tennessee holds the unfortunate distinction of having the most people who have declared personal bankruptcy. As for the state as a whole, it has the highest per capita rate of bankruptcy filings overall, with approximately 8 filings for every 1000 residents. By contrast, the state of Alaska has the lowest per capita rate, with roughly one filing for every 1000 residents. The city with the lowest number of bankruptcies is Yonkers, New York.

SOURCE: Credit Card Statistics, Industry Facts, Debt Statistics | CreditCards.com

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