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Bankruptcy Filings Continue Steady Drop

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Bankruptcy filings continued a steep two-year-long fall that coincided with the start of the coronavirus (COVID-19). Filings fell 16.5 percent for the 12-month period ending March 31, 2022. According to statistics released by the Administrative Office of the U.S. Courts, the March 2022 annual bankruptcy filings totaled 395,373, compared with 473,349 cases in the previous year.
Filings fell both for businesses and non-business bankruptcies, compared with the year ending March 2021. Non-business filings fell by a total of 15.7 percent, while business filings fell 33.9 percent.
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 began. 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, 2022 (Table F-2, 12-month);
Bankruptcy data for the twelve-month periods ending in March 2021and March 2022 (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, 2018-2022
Year
Business
Non-Business
Total
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
2018
23,106
765,722
779,828
Total Bankruptcy Filings By Chapter,Years EndingMarch 31, 2018-2022
Year
Chapter
 
7
11
12
13
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
2018
480,933
7,735
499
290,566
For more on bankruptcy and its chapters, view the following resources:

Related Topics: Bankruptcy Filings

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