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Bankruptcy Filings Take Sharp Drop

Personal and business bankruptcy filings took a sharp drop in the twelve-month period ending June 30, 2022, falling 17.7 percent compared with the previous year. 
According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 380,634 in the year ending June 2022, compared with 462,309 cases in the previous year.
Business filings fell 31.1 percent, from 18,511 to 12,748 in the year ending June 30, 2022. Non-business bankruptcy filings fell 17.1 percent to 367,886, compared with 443,798 in the previous year.
Bankruptcy filings have fallen almost steadily since peaking in 2010. That trend has accelerated since the pandemic began in early 2020, despite some early COVID-related disruptions to the economy.
Business and Non-Business Filings,Years EndingJune 30, 2018-2022
Year
Business
Non-Business
Total
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
2018
22,245
753,333
775,578
Total Bankruptcy Filings By Chapter,Years EndingJune 30, 2018-2022
Year
Chapter
 
7
11
12
13
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
2018
479,151
7,141
475
288,741
The following bankruptcy filings statistics tables are available: 
Business and non-business bankruptcy filings for the 12-month period ending June 30, 2022 (Table F-2, 12-Month),
A comparison of 12-month data ending June 2021 and June 2022 (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:

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