Source(s)

Bankruptcy Statistics: Calendar Year by Chapter [Internet]. US Courts. [accessed July 17, 2009]. Available from: http://www.uscourts.gov/bnkrpctystats/statistics.htm#calendar

Calculation(s) by Book of Odds Based On

Bankruptcy Statistics: Calendar Year by Chapter [Internet]. US Courts. [accessed July 17, 2009]. Available from: http://www.uscourts.gov/bnkrpctystats/statistics.htm#calendar

Definitions

Bankruptcy categorized by the U.S. courts as a non-business bankruptcy; the debtor in a non-business bankruptcy is generally either an individual or a family farm; data from the U.S. Administrative Office of the Courts subdivides bankruptcies into business and non-business.

The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income. (Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.)

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To properly cite Book of Odds please copy and paste the following into any document utilizing this Odds Statement:

Odds Statement provided by Book of Odds Inc., http://www.bookofodds.com/content/view/full/560278 (Accessed: )

Rounding Rules

Odds more likely than 1 in 10, such as 1 in 3.42, are rounded to three significant digits. Odds less likely than 1 in 10, such as 1 in 420.4, are rounded to four significant digits. Trailing zeros after the decimal point are dropped for readability, even though they may still be significant.

Odds you'll see: 1 in 4.26; 14.5; 143; 5,230; 433,200

Odds you won't see: 1 in 2.412; 63.042; 425,242c