In 2023, there were 434,064 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.
Chapter 7 bankruptcies in the United States peaked in 2010, when 1.1 million non-business and 39,485 business claims were filed under Chapter 7 of the Bankruptcy Code. By 2023, these figures had dropped to 251,048 and 10,229 respectively.
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.
Chapter 13 bankruptcies in the United States peaked in 2010, when 434,739 non-business and 4,174 business claims were made under Chapter 13 of the Bankruptcy Code. By 2023, these figures had dropped to 182,630 and 1,326 respectively.
Chapter 13 bankruptcy is where debtors propose a repayment plan over a three- to five-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.
According to a survey of people who filed for bankruptcy in the United States between 2013 and 2016, the most common contributor to bankruptcy was income loss, with 77.8 percent of respondents either very much or somewhat agreeing that losing income contributed to their filing for bankruptcy. This compares to 44.4 percent of respondents who either very much or somewhat agreed that living beyond their means was a contributor to their bankruptcy.
In 2022, Los Angeles County in California registered the highest number of Chapter 7 bankruptcies of any county in the United States with 7,032 non-business and 401 business bankruptcy cases filed.
Chapter 7 bankruptcy is 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.
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.
In 2023, the state of Georgia had the most Chapter 13 filings of any U.S. state with 16,924 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, 54 were business related, and 16,871 were non-business related. Chapter 13 bankruptcy is where debtors propose a repayment plan over a three- to five-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.
In 2022, Cook County in Illinois registered the highest number of Chapter 13 bankruptcies of any county in the United States with 4,822 non-business and 19 business bankruptcy cases filed.
Chapter 13 bankruptcy is where debtors propose a repayment plan over a three- to five-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.
In 2023, Delta Air Lines, Inc reported a net income of around 4.6 billion U.S. dollars, up from 1.3 billion U.S. dollars net income registered the previous year. In 2020, the U.S. airline posted a net loss as a result of decreased operations due to the COVID-19 pandemic. Delta Air Lines – exiting bankruptcy After Delta’s bankruptcy protection and restructuring in 2007, the company started to revitalize its entire business plan. From 2007 to 2022, Delta Air Lines’ total assets grew somewhat continuously reaching 73.6 billion U.S. dollars by the end of that period. While Delta’s net loss amounted to 8.92 billion U.S. dollars in 2008, its bankruptcy protection helped the company to generate net income starting from 2010. Since 2012 the company has been recovering from its declining numbers. Delta Air Lines - today Compared to the prior years, Delta Air Lines, Inc improved its efficiency measures progressively, such as passenger load factor, number of passengers boarded and revenue passenger miles from 2008 to 2023. In 2022, Delta was the leading airline group worldwide, based on revenue.
In 2023, National CineMedia, Inc. – the holding behind National CineMedia LLC (NCM), one of the largest cinema advertising networks in the United States – reported a consolidated net income of nearly 697 million U.S. dollars. That was over 50 percent higher than its 2019 pre-pandemic income. In April 2023, NCM filed for bankruptcy protection; four months later, it announced a successful completion of the financial restructuring process. Meanwhile, National CineMedia's revenue declined to little more than 165 million dollars in 2023.
The annual net income/loss of the Eastman Kodak Company fluctuated from 2005 to 2023. In its 2023 financial year, Kodak Eastman accrued earnings of around 75 million U.S. dollars, up from 26 million U.S. dollars recorded in the previous year.
Not seeing a result you expected?
Learn how you can add new datasets to our index.
In 2023, there were 434,064 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.