Florida is not one of the top 10 states for bankruptcy filings, but several nearby states are. According to an analysis by NerdWallet, states in the south have some of the highest bankruptcy rates in the country. They have remained high in some southern states even as nationwide bankruptcy rates have fallen to their pre-recession levels.
The median bankruptcy rate for all 50 states and the District of Columbia is 226 bankruptcy filings for every 100,000 residents. The highest bankruptcy rate in the country can be found in Tennessee, where there are 553 bankruptcy filings for every 100,000 residents. Alabama is second with 529 bankruptcy filings per 100,000 residents, and Georgia is third with 483 bankruptcy filings per 100,000 residents.