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.

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.

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.

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.

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.

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.

California had the highest number of Chapter 7 bankruptcy filings of any state in 2023 with ****** Chapter 7 bankruptcy filings. ***** of these were filed by businesses, and ****** were non-business filings. Chapter 7 bankruptcy is when the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold.

United States Number of Bankruptcy Filings: Annual: Non Business: Chapter 11 data was reported at 1,092.000 Unit in 2017. This records a decrease from the previous number of 1,118.000 Unit for 2016. United States Number of Bankruptcy Filings: Annual: Non Business: Chapter 11 data is updated yearly, averaging 1,114.500 Unit from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 3,198.000 Unit in 1992 and a record low of 520.000 Unit in 2006. United States Number of Bankruptcy Filings: Annual: Non Business: Chapter 11 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 USA – Table US.O011: Number of Bankruptcy Filings.

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.

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, Texas was the state with the highest number of Chapter 11 bankruptcy filings, totaling *****. Overwhelmingly, it was businesses that filed for Chapter 11 bankruptcy, accounting for ***** of the total bankruptcies in Texas during this period. Chapter 11 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 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.

Graph and download economic data for Producer Price Index by Industry: Offices of Lawyers: Bankruptcy and Other Business and Commercial Legal Services (PCU541110541110903) from Dec 2014 to Jul 2025 about legal, commercial, business, services, PPI, industry, inflation, price index, indexes, price, and USA.

In 2023, the state of Georgia had the most Chapter 13 filings of any U.S. state with ****** cases being filed - more than twice the number of Chapter 13 bankruptcies filed in the most populous state, California. Of the Chapter 13 bankruptcies filed in Georgia, ** were business related, and ****** were non-business related. Chapter 13 bankruptcy is where debtors propose a repayment plan over a ****** to *****year period. It is only available to those with sufficient disposable income to service their debts and allows for the debtor to avoid the sale of their assets to repay their outstanding debt.

Personal Insolvency: Bankruptcy: Sequestration Order: In Business data was reported at 17.000 Unit in Mar 2025. This records an increase from the previous number of 12.000 Unit for Feb 2025. Personal Insolvency: Bankruptcy: Sequestration Order: In Business data is updated monthly, averaging 17.000 Unit from Jul 2019 (Median) to Mar 2025, with 69 observations. The data reached an all-time high of 65.000 Unit in Aug 2019 and a record low of 0.000 Unit in Jan 2023. Personal Insolvency: Bankruptcy: Sequestration Order: In Business data remains active status in CEIC and is reported by Australian Financial Security Authority. The data is categorized under Global Database’s Australia – Table AU.O009: Personal Insolvency Statistics: In Business: Monthly. The difference between the sum of the states and territories and the national total is due to new personal insolvencies that are classified as part of the “Other” state or territory. The national total includes the “Other” classification, but the category is not reported separately. The “Other” classification includes personal insolvencies that report an address that is overseas, part of Australia’s other territories, incompatible with Australian Statistics Geographical Standard (ASGS) or unable to be published.

The purpose of this data collection is to provide an official public record of the business of the federal bankruptcy courts. The data include all petitions filed under the Bankruptcy Code in the United States Bankruptcy Courts on or after October 1, 2006, and any petitions filed before October 1, 2006, that were still pending on that date. The records are organized according to the fiscal year of termination with cases still pending at the end included in a separate pending dataset. The records in Part 1, Terminations Data, 2007, include cases that terminated in the year 2007. The records in Part 2, Pending Data, 2007, include cases that were still pending as of October 1, 2007. For the bankruptcy data, the unit of analysis is a single case.

Number of Businesses statistics on the Bankruptcy Lawyers & Attorneys industry in the US

Bankruptcies In the Euro Area increased to 1.70 percent in the second quarter of 2025 from -1.50 percent in the first quarter of 2025. This dataset includes a chart with historical data for Euro Area Bankruptcies.

Bankruptcies in Lithuania decreased to 252 Companies in the second quarter of 2025 from 269 Companies in the first quarter of 2025. This dataset provides - Lithuania Bankruptcies- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.