TBA Law Blog


Posted by: Katharine Heriges on Jan 18, 2017
Bankruptcies in Knoxville reached a 10-year low in 2016, despite the fact that the state leads the nation in number of bankruptcies, according to Knoxnews. Statistics from the U.S. Bankruptcy Court’s Eastern Division of Tennessee show 3,862 cases, down from a 7,189 peak in 2009. Total cases statewide for last year were at 36,052, a decline from 2015. Factors cited include rising incomes and property values, lower fuel prices and lower interest rates.