In 2023, there were 36,145 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 27,833 in 2023.

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 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 increased to 23309 Companies in the first quarter of 2025 from 23107 Companies in the fourth quarter of 2024. This dataset provides - United States Bankruptcies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Number of Bankruptcy Filings: 12 Months End: Business: Chapter 13 data was reported at 1,896.000 Unit in Sep 2018. This records a decrease from the previous number of 1,951.000 Unit for Jun 2018. United States Number of Bankruptcy Filings: 12 Months End: Business: Chapter 13 data is updated quarterly, averaging 4,885.000 Unit from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 11,518.000 Unit in Sep 1992 and a record low of 1,896.000 Unit in Sep 2018. United States Number of Bankruptcy Filings: 12 Months End: Business: Chapter 13 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 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, 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.

United States Number of Bankruptcy Filings: 12 Months End: Business: Chapter 7 data was reported at 13,682.000 Unit in Sep 2018. This records an increase from the previous number of 13,679.000 Unit for Jun 2018. United States Number of Bankruptcy Filings: 12 Months End: Business: Chapter 7 data is updated quarterly, averaging 24,942.000 Unit from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 42,346.000 Unit in Mar 2010 and a record low of 11,878.000 Unit in Dec 2006. United States Number of Bankruptcy Filings: 12 Months End: Business: Chapter 7 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 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.

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: 3 Months End: Non Business data was reported at 200,159.000 Unit in Jun 2018. This records an increase from the previous number of 186,410.000 Unit for Mar 2018. United States Number of Bankruptcy Filings: 3 Months End: Non Business data is updated quarterly, averaging 309,614.000 Unit from Dec 1995 (Median) to Jun 2018, with 91 observations. The data reached an all-time high of 654,633.000 Unit in Dec 2005 and a record low of 112,685.000 Unit in Mar 2006. United States Number of Bankruptcy Filings: 3 Months End: 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 USA – Table US.O011: Number of Bankruptcy Filings.

In 2022, there were 1,133 business bankruptcy cases filed in the state of New York. This is a significant increase from the previous year when 795 cases were filed.

This statistic shows the number of non-business bankruptcy cases filed in the state of North Carolina each year from 2011 to 2019. Numbers are based on the 12 months from January 1st until December 31st. In 2019, there were 13,092 cases of personal bankruptcy filed in North Carolina.

United States Number of Bankruptcy Filings: 12 Months End: Business: Chapter 11 data was reported at 5,962.000 Unit in Sep 2018. This records a decrease from the previous number of 6,070.000 Unit for Jun 2018. United States Number of Bankruptcy Filings: 12 Months End: Business: Chapter 11 data is updated quarterly, averaging 9,428.000 Unit from Mar 1990 (Median) to Sep 2018, with 115 observations. The data reached an all-time high of 21,153.000 Unit in Mar 1992 and a record low of 4,643.000 Unit in Dec 2006. United States Number of Bankruptcy Filings: 12 Months End: 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 United States – Table US.O013: Number of Bankruptcy Filings.

Business bankruptcies represent the total bankruptcy filings all business entities make in a calendar year. Data is sourced from the Administrative Office of the US Courts.

California had the highest number of Chapter 7 bankruptcy filings of any state in 2023 with 30,248 Chapter 7 bankruptcy filings. 1,735 of these were filed by businesses, and 28,513 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: 12 Months End: Non Business: Total data was reported at 753,333.000 Unit in Jun 2018. This records a decrease from the previous number of 756,722.000 Unit for Mar 2018. United States Number of Bankruptcy Filings: 12 Months End: Non Business: Total data is updated quarterly, averaging 1,093,563.000 Unit from Mar 1990 (Median) to Jun 2018, with 114 observations. The data reached an all-time high of 2,039,214.000 Unit in Dec 2005 and a record low of 597,965.000 Unit in Dec 2006. United States Number of Bankruptcy Filings: 12 Months End: Non Business: Total 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.

Graph and download economic data for Number of Business Failures, All Commercial for United States (M0929BUSM155NNBR) from Jun 1934 to Dec 1939 about failures, commercial, business, and USA.

United States exploration and production (E&P) companies are vulnerable to the often volatile oil and gas market. Between 2015 and June 30, 2020, *** Texas based E&P companies filed for bankruptcy.

The coronavirus pandemic has had a catastrophic impact on the world's oil and gas industry, with the United States oil industry being hit very hard as well. Declining consumer demand and high levels of production output resulted in dwindling storage capacities, ultimately causing the price of crude oil to fall to negative prices for the first time in history. This relatively recent development has resulted in an increase in E&P company bankruptcy filings.

United States Number of Bankruptcy Filings: Annual: Non Business: Chapter 7 data was reported at 472,190.000 Unit in 2017. This records a decrease from the previous number of 475,332.000 Unit for 2016. United States Number of Bankruptcy Filings: Annual: Non Business: Chapter 7 data is updated yearly, averaging 747,065.000 Unit from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 1,631,011.000 Unit in 2005 and a record low of 349,012.000 Unit in 2006. United States Number of Bankruptcy Filings: Annual: Non Business: Chapter 7 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.