Bankruptcies in the United States decreased to 23043 Companies in the second quarter of 2025 from 23309 Companies in the first quarter of 2025. This dataset provides - United States Bankruptcies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bankruptcies in the United States peaked in 2010, when 1.14 million Chapter 7 bankruptcies and 439,000 Chapter 13 bankruptcies were filed. These figures have since dropped to 261,277 and 183,956 respectively in 2023.

Chapter 7 bankruptcies are where the debtor’s assets are liquidated to repay as much debt as possible, while Chapter 13 bankruptcies are where the terms of the loan are changed so that the debt can be repaid over a longer period. Both are predominantly filed by private individuals.

Total Insolvencies, Insolvencies Filed by Consumers, Insolvencies Filed by Businesses, Insolvencies by NAICS Economic Sectors, Canada, Insolvencies Filed by Consumers by ER, Insolvencies Filed by Businesses by ER, Insolvencies Filed by Consumers by Census Metropolitan Area (CMA), Insolvencies Filed by Businesses by Census Metropolitan Area (CMA). [Office of the Superintendent of Bankruptcy Canada]

This dataset provides values for BANKRUPTCIES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2023, there were ******* cases of personal bankruptcy filed nationwide in the United States. The number of personal bankruptcy cases has been declining in the U.S. since 2010.

In 2023, Alabama had the highest personal bankruptcy filing rate in the United States. In Alabama ****** inhabitants per 100,000 had filed for bankruptcy. In comparison, Alaska had the lowest bankruptcy filing rate, where ***** inhabitants per 100,000 filed for bankruptcy. Filing for bankruptcy Bankruptcy is a legal process that occurs when a person, business, or organization does not have enough money to pay for all of its debts. Personal bankruptcy happens for a multitude of reasons, with one of the biggest factors being medical debt. Corporate bankruptcy happens when businesses fail or because of financial distress. When a person cannot pay off their debts, a professional accountant is appointed as a trustee in bankruptcy. Their assets are frozen and then sold in order to pay off as much of the person’s debts as possible. When an organization can’t pay back its debts, a liquidator is appointed by the court. Assets are not protected, so everything can be sold off to cover the bankruptcy. In 2020, J.C. Penny Company Inc. had the largest Chapter 11 bankruptcy filings in the United States in terms of assets. U.S. bankruptcy In 2023, California had the largest number of bankruptcy filings in the United States, while Alaska had the lowest. The number of non-business bankruptcy filings has been decreasing since 2010. The same is true for the annual number of business bankruptcy cases which have been in decline since 2009.

Canada Insolvency Statistics: Bankruptcy data was reported at 2,569.000 Unit in Feb 2025. This records an increase from the previous number of 2,545.000 Unit for Jan 2025. Canada Insolvency Statistics: Bankruptcy data is updated monthly, averaging 4,895.000 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 8,074.000 Unit in Mar 2011 and a record low of 1,946.000 Unit in Jan 2022. Canada Insolvency Statistics: Bankruptcy data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O007: Insolvency Statistics. [COVID-19-IMPACT]

Individual insolvencies made up of bankruptcy orders and individual voluntary arrangements (IVAs), as counts and rates (per 10,000). Individual insolvencies in 2008 for England and Wales are made up of bankruptcy orders and individual voluntary arrangements (IVAs). Insolvent individuals in England and Wales are dealt with mainly under the Insolvency Act 1986. A bankruptcy order is made on the petition of the debtor or one or more of his creditors when the court is satisfied that there is no prospect of the debt being paid. There are also individual voluntary arrangements (IVAs) and deeds of arrangement, which enable debtors to come to an agreement with their creditors. Source: Insolvency Service Publisher: Neighbourhood Statistics Geographies: Local Authority District (LAD), Government Office Region (GOR), National Geographic coverage: England and Wales Time coverage: 2000 to 2008 Type of data: Administrative data

In 2023, there were ****** cases of business bankruptcy filed nationwide in the United States. While an increase from the previous year, the number of business bankruptcies in the United Stats has seen an overall decline, reaching a peak in 2009.

Chapter ** bankruptcies in the United States peaked in 2009, when ****** businesses and ***** non-businesses filed a claim under Chapter ** of the Bankruptcy Code. By 2023, these figures had dropped to 7,070 and *** respectively.

Chapter ** bankruptcy is where the debtor negotiates with their creditors to alter the terms of their repayments. While the terms of the loans are changed, the outstanding debt still needs to be repaid.

This table contains 14 series, with data for years 1991 - 2010 (not all combinations necessarily have data for all years), and was last released on 2010-06-03. This table contains data described by the following dimensions (Not all combinations are available): Geography (14 items: Canada; Newfoundland and Labrador; Nova Scotia; Prince Edward Island ...), Bankruptcies (1 items: Consumer bankruptcies ...).

Canada Insolvency Statistics: Bankruptcy: Business: Individual data was reported at 44.000 Unit in Feb 2025. This records a decrease from the previous number of 51.000 Unit for Jan 2025. Canada Insolvency Statistics: Bankruptcy: Business: Individual data is updated monthly, averaging 49.000 Unit from Jan 2018 (Median) to Feb 2025, with 86 observations. The data reached an all-time high of 79.000 Unit in Mar 2019 and a record low of 17.000 Unit in Jul 2021. Canada Insolvency Statistics: Bankruptcy: Business: Individual data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O009: Insolvency Statistics: Business. [COVID-19-IMPACT]

United States Number of Bankruptcy Filings: Annual: Non Business data was reported at 765,863.000 Unit in 2017. This records a decrease from the previous number of 770,846.000 Unit for 2016. United States Number of Bankruptcy Filings: Annual: Non Business data is updated yearly, averaging 873,540.000 Unit from Dec 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 2,039,214.000 Unit in 2005 and a record low of 284,517.000 Unit in 1984. United States Number of Bankruptcy Filings: Annual: Non Business data remains active status in CEIC and is reported by Administrative Office of the United States Courts. The data is categorized under Global Database’s United States – Table US.O013: Number of Bankruptcy Filings.

In 2008, the Administrative Office of the United States Courts (AOUSC) began implementing the NewSTATS (New Streamline Timely Access to Statistics) Project with respect to bankruptcy data. The project's goals were to modernize the system for collecting, processing, analyzing, and reporting statistics of the federal court system. Based on the records for bankruptcy cases in NewSTATS, a data base for internal use in the Research Division of the Federal Judicial Center has been created. That data base is the Bankruptcy Petition NewSTATS Snapshots [BPNS] Data Base.

In 2023, there were ****** non-business bankruptcy filings in California, which was the highest amongst all U.S. states. Florida had the second highest number of business bankruptcy cases, with ****** in 2023.

Insolvency Statistics: Proposal: Consumers data was reported at 8,673.000 Unit in Feb 2025. This records a decrease from the previous number of 8,975.000 Unit for Jan 2025. Insolvency Statistics: Proposal: Consumers data is updated monthly, averaging 5,253.500 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 10,025.000 Unit in Oct 2024 and a record low of 3,075.000 Unit in Dec 2012. Insolvency Statistics: Proposal: Consumers data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O008: Insolvency Statistics: Consumers. [COVID-19-IMPACT]

United States Number of Bankruptcy Filings: Annual data was reported at 789,020.000 Unit in 2017. This records a decrease from the previous number of 794,960.000 Unit for 2016. United States Number of Bankruptcy Filings: Annual data is updated yearly, averaging 931,698.000 Unit from Dec 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 2,078,415.000 Unit in 2005 and a record low of 331,264.000 Unit in 1980. United States Number of Bankruptcy Filings: Annual data remains active status in CEIC and is reported by Administrative Office of the United States Courts. The data is categorized under Global Database’s United States – Table US.O013: Number of Bankruptcy Filings.

Bankruptcies in Germany decreased to 1957 Companies in June from 2036 Companies in May of 2025. This dataset provides - Germany Bankruptcies - actual values, historical data, forecast, chart, statistics, economic calendar and news.