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Tennessee leader for bankrupcties

Tennessee and Georgia trailed only Nevada in the share of people going broke in the first three months of the year, the government reported Tuesday.

In its quarterly update, the Federal Deposit Insurance Corp., said 7.95 of every 1,000 Tennesseans and 7.68 of every 1,000 Georgians filed for bankuptcy protection in the first quarter of 2010.

Only Nevada had more nonbusiness bankruptcy filings in the first three months of this year. In Nevada, 10.26 people out of every 1,000 filed a nonbusiness bankruptcy petition.

Staff Reports