Bankruptcy filings rose slightly for the 12-month period ending March 31, 2023, but new bankruptcy cases remain sharply lower than before the start of the coronavirus (COVID-19) pandemic.
According to statistics released by the Administrative Office of the U.S. Courts, total filings rose 2.0 percent, to 403,273 new cases, compared with 395,373 cases in the previous year.
Business filings increased 9.9 percent, from 13,160 in March 2022 to 14,467 in the newest report. Non-business filings rose 1.7 percent, from 382,213 in March 2022 to 388,806 in March 2023.
This year’s 12-month filing total for the quarter ending March 31 is slightly more than half of the total reported in March 2020, when the pandemic disrupted the U.S. economy. That year’s 12-month total was 764,282.
Additional statistics released today include:
Business and non-business bankruptcy filings for the 12-month period ending March 31, 2023 (Table F-2, 12-month);
Bankruptcy data for the twelve-month periods ending in March 2022 and March 2023 (Table F);
Fourth quarter filings, (Table F-2, 3-month); and filings by month (Table F-2, January, February, and March)
Bankruptcy filings by county (Report F-5A).
Business and Non-Business Filings,Years EndingMarch 31, 2019-2023
Year
Business
Non-Business
Total
2023
14,467
388,806
403,273
2022
13,160
382,213
395,373
2021
19,911
453,438
473,349
2020
23,114
741,168
764,282
2019
22,157
750,489
772,646
Total Bankruptcy Filings By Chapter,Years EndingMarch 31, 2019-2023
Year
Chapter
7
11
12
13
2023
231,200
5,371
148
166,449
2022
265,071
4,333
228
125,655
2021
345,224
7,832
487
119,502
2020
479,211
6,938
627
277,353
2019
477,106
6,891
509
288,039
For more on bankruptcy and its chapters, view the following resources:
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