The number of residents in Chattanooga, Tenn., going broke is the lowest since before the Great Recession, and property foreclosures in Hamilton County this year are at their lowest number since Bill Clinton was president, the Chattanooga Times Free Press reported . While Tennessee still leads the nation in the rate of those filing for bankruptcy protection in federal court, the number of such filings in the Chattanooga division of the Eastern Division of the U.S. Bankruptcy Court fell during fiscal 2016 to the lowest level in a decade. A total of 5,671 people and businesses sought the protection of the bankruptcy court in Chattanooga during the 12-month period ended Sept. 30, down 1.8 percent from the previous year and 33.5 percent below the record reached for local filings in 2009.
