Personal and business bankruptcy filings rose 10 percent in the twelve-month period ending June 30, 2023, compared with the previous year.
According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 418,724 in the year ending June 2023, compared with 380,634 cases in the previous year.
Business filings rose 23.3 percent, from 12,748 to 15,724 in the year ending June 30, 2023. Non-business bankruptcy filings rose 9.5 percent to 403,000, compared with 367,886 in the previous year.
Bankruptcy totals for the previous 12 months are reported four times annually. Filings over any 12-month period have increased only rarely since filings peaked in 2010. Bankruptcies fell sharply after the pandemic began in early 2020, despite some early COVID-related disruptions to the economy.
Business and Non-Business Filings,Years EndingJune 30, 2019-2023
Year
Business
Non-Business
Total
2023
15,724
403,000
418,724
2022
12,748
367,886
380,634
2021
18,511
443,798
462,309
2020
22,482
659,881
682,363
2019
22,483
750,878
773,361
Total Bankruptcy Filings By Chapter,Years EndingJune 30, 2019-2023
Year
Chapter
7
11
12
13
2023
239,125
5,986
147
173,362
2022
239,750
4,429
201
136,169
2021
335,886
6,871
438
118,864
2020
436,919
7,568
589
237,099
2019
475,069
7,193
542
290,416
The following bankruptcy filings statistics tables are available:
Business and non-business bankruptcy filings for the 12-month period ending June 30, 2023 (Table F-2, 12-Month),
A comparison of 12-month data ending June 2022 and June 2023 (Table F),
Second quarter filings, (Table F-2, 3 Month); and filings by month (Table F-2, April, May, June),
Bankruptcy filings by county (Table F-5A).
For more on bankruptcy and its chapters, view the following resources:
Powered by WPeMatico