Georgia Repossession Law ?
Q: who have infomation about Georgia Repossession Law ?
A: According to the American Bankruptcy Institute, one of every 72.8 households in the U.S. filed for bankruptcy protection during the 12-month period that ended in March 2004, but the rates varied sharply by region. Tennessee had the second-highest rate, with one household in every 38.7 filing for bankruptcy, and Georgia had one in every 42.4 households filing. Utah, with one in 36.5 households, has the highest bankruptcy rate of any state. In contrast, filings are low in the Northeast and parts of the West and Midwest. One in 156.2 households filed for bankruptcy in Vermont, one in 144.3 in Massachusetts. Alaska had the lowest bankruptcy rate, at one filing for every 171.2 households. There are several reasons for the large regional differences in bankruptcies. Economists say that a major reason is that incomes are generally lower and more volatile in the Southeast than in other parts of the country. Less income leaves families with smaller financial cushions to fall back on when problems arise. But income differences can't explain all of the gap. Some bankruptcy economists theorize that there's an inverse relationship between strong consumer-protection laws and bankruptcy filings. In states where it's harder for lenders to get judgments against consumers, bankruptcies might be lower because lenders are pickier about who gets credit. In states that make it easy for creditors to repossess property, bankruptcies might be higher