Bankruptcy Filing Trends in Texas

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

UpdatedFebruary 2020

Texas

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

State at a GlanceTexas National

Population (7/1/2019) 28,995,881 328,239,523

- Change since 2010 15.3% 6.3%

- Foreign Born 17.0% 13.5%

Size (Square Miles) 261,232 3,531,905

Median Household Income $59,570 $60,293

Persons per Household 2.86 2.63

Per Capita Income $30,143 $32,621

Median Home Value $161,700 $204,900

Homeownership Rate 61.9% 63.8%

High School Graduate (or Higher) 83.2% 87.7%

College Graduate (or Higher) 29.3% 31.5%

Disabled 7.9% 8.6%

No Health Insurance 20.0% 10.0%

In Poverty 14.9% 11.8%

Source: U.S. Census Bureau January 2020

Bankruptcy Filings in TexasCalendar Years 2000 - 2019

Year Total Chapter 7 Chapter 11 Chapter 13 Other Cases

2000 62,121 32,408 618 29,068 27

2001 77,021 41,486 964 34,543 28

2002 80,050 42,474 984 36,546 46

2003 91,840 48,054 992 42,743 51

2004 93,745 48,879 875 43,985 6

2005 121,202 83,206 611 37,358 27

2006 36,631 15,357 594 20,660 20

2007 42,931 18,950 532 23,422 27

2008 44,258 21,438 685 22,121 14

2009 55,435 28,125 1,246 26,037 27

2010 58,239 28,127 1,140 28,934 38

2011 51,955 23,694 926 27,302 33

2012 48,381 21,047 675 26,630 29

2013 40,337 17,697 616 22,012 12

2014 36,503 15,461 476 20,548 18

2015 34,093 13,759 547 19,768 19

2016 33,830 13,981 808 19,005 36

2017 35,091 15,426 1,101 18,541 23

2018 34,386 15,772 1,093 17,496 25

2019 35,069 17,829 747 16,460 33

0

25,000

50,000

75,000

100,000

125,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Total Bankruptcy Cases Filed in TexasCalendar Years 2000 - 2019

121,202

35,069

58,239

More than 25%Above Average

Within 25% of Average

More than 25%Below Average

Total Filings Relative to Population 2000 - 2019

Texas 42% BelowAverage

D.C. Puerto Rico

0.0

2.0

4.0

6.0

8.0

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

National Texas

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

2019

0

20,000

40,000

60,000

80,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 7 Cases Filed In TexasCalendar Years 2000 - 2019

83,206

17,829

0

500

1,000

1,500

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 11 Cases Filed in Texas2000 - 2019

747

1,246

0

10,000

20,000

30,000

40,000

50,000

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 13 Cases Filed in Texas2000 - 2019

43,985

16,460

28,934

Percent of Cases Filed as Chapter 13 Calendar Years 2000 - 2019

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

National Texas2019

$0.0

$50.0

$100.0

$150.0

$200.0

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Paym

ents

($ M

illio

ns)

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

Fiscal Years 2000 - 2018

Source: Executive Office for United States Trustees

0

15

30

45

60

75

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Chapter 12 Cases Filed in Texas2000 - 2019

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

22

2019

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 Texas

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.

-39.8%

-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

Texas National

Filing Trends By Quarter Texas 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%

+2.0%

www.abi.org