Total bankruptcy filings rose 13 percent, and business bankruptcies rose nearly 30 percent, in the twelve-month period ending Sept. 30, 2023. This continues a moderate rebound after more than a decade of sharply dropping totals.
According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 433,658 in the year ending September 2023, compared with 383,810 cases in the previous year.
Business filings rose 29.9 percent, from 13,125 to 17,051, in the year ending Sept. 30, 2023. Non-business bankruptcy filings rose 12.4 percent to 416,607, compared with 370,685 in September 2022.
Bankruptcy totals for the previous 12 months are reported four times annually.
This is the third straight quarter that total bankruptcy filings have risen, following a decade-plus decline. Bankruptcies fell especially sharply after the pandemic began in early 2020, despite some COVID-related disruptions to the economy.
Even with the recent increases, total filings remain far lower than in September 2010, when filings peaked at just less than 1.6 million.
Business and Non-Business Filings,Years EndingSeptember 30, 2019-2023
Year
Business
Non-Business
Total
2023
17,051
416,607
433,658
2022
13,125
370,685
383,810
2021
16,140
418,400
434,540
2020
22,391
590,170
612,561
2019
22,910
753,764
776,674
Total Bankruptcy Filings By Chapter,Years EndingSeptember 30, 2019-2023
Year
Chapter
7
11
12
13
2023
248,680
6,473
142
178,214
2022
229,703
4,762
182
149,077
2021
310,597
5,622
344
117,784
2020
409,164
8,188
581
194,384
2019
478,838
7,320
583
289,802
The following bankruptcy filings statistics tables are available:
Business and non-business bankruptcy filings for the 12-month period ending Sept. 30, 2023 (Table F-2, 12-Month),
A comparison of 12-month data ending September 2022 and September 2023 (Table F),
Filings for the most recent three months, (Table F-2, 3 Month); and filings by individual months (Table F-2, July, August, September),
Bankruptcy filings by county (Table F-5A).
For more on bankruptcy and its chapters, view the following resources:
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