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]

Following the rising global inflation, business insolvencies are forecast to increase in all world regions in 2023, increasing by almost ** percent in North America. Following a sharp increase with the 2008-09 financial crash, the number of business insolvencies in North America declined each year from 2010 to 2019. Perhaps somewhat surprisingly, except for Eastern and Central Europe and Latin America, the number of insolvencies fell in all regions in 2020, despite the COVID-19 pandemic.

In 2023, ****** corporate insolvencies were recorded in Germany. This was an increase compared to the previous year. The timeline shows the number of corporate insolvencies in Germany from 1950 to 2023.

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.

Personal Insolvency: Bankruptcy: In Business: Western Australia data was reported at 22.000 Unit in Mar 2025. This records an increase from the previous number of 21.000 Unit for Feb 2025. Personal Insolvency: Bankruptcy: In Business: Western Australia data is updated monthly, averaging 21.000 Unit from Jul 2019 (Median) to Mar 2025, with 69 observations. The data reached an all-time high of 91.000 Unit in Jul 2019 and a record low of 0.000 Unit in Dec 2023. Personal Insolvency: Bankruptcy: In Business: Western Australia 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.

Canada Insolvency Statistics: Bankruptcies: Educational Services data was reported at 3.000 Unit in Feb 2025. This stayed constant from the previous number of 3.000 Unit for Jan 2025. Canada Insolvency Statistics: Bankruptcies: Educational Services data is updated monthly, averaging 2.000 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 14.000 Unit in Mar 2017 and a record low of 0.000 Unit in Jun 2023. Canada Insolvency Statistics: Bankruptcies: Educational Services 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.O010: Insolvency Statistics: NAICS 2017. [COVID-19-IMPACT]

AFSA publish official quarterly and annual personal insolvency statistics on bankruptcies, debt agreements and personal insolvency agreements for all states and territories. From the June quarter …Show full descriptionAFSA publish official quarterly and annual personal insolvency statistics on bankruptcies, debt agreements and personal insolvency agreements for all states and territories. From the June quarter 2023, the publication also released Greater Capital Cities Statistical Area (GCCSA) and Statistical Area Level 3 (SA3) breakdown of the number of debtors with business and non-business related personal insolvencies on a quarterly basis, using the Australian Bureau of Statistics (ABS) Australian Statistical Geography Standard (ASGS). Bankruptcy is a process where people who cannot pay their debts become bankrupt to receive the protection of the Bankruptcy Act 1966 and their estate is administered by a trustee. It allows for the fair distribution of property among creditors and the prosecution of dishonest debtors. A debt agreement is an arrangement between a person who cannot pay their debts and their creditors. It is a formal arrangement under Part IX of the Bankruptcy Act. A debt agreement results from creditors voting to accept a proposal from a debtor to settle their debts. To be eligible to propose a debt agreement, a debtor must be insolvent and meet threshold levels relating to unsecured debts and assets and after-tax income. Personal insolvency agreement (PIA): under Part X of the Bankruptcy Act, a personal insolvency agreement results from creditors accepting a debtor’s proposal to settle his or her debts. Unlike debt agreements, personal insolvency agreements are not subject to income, asset or debt thresholds. Please see our guide to learn more about the provisional personal insolvency statistics

AFSA publish official quarterly and annual personal insolvency statistics on bankruptcies, debt agreements and personal insolvency agreements for all states and territories.\r \r From the June quarter 2023, the publication also released Greater Capital Cities Statistical Area (GCCSA) and Statistical Area Level 3 (SA3) breakdown of the number of debtors with business and non-business related personal insolvencies on a quarterly basis, using the Australian Bureau of Statistics (ABS) Australian Statistical Geography Standard (ASGS).\r \r \r Bankruptcy is a process where people who cannot pay their debts become bankrupt to receive the protection of the Bankruptcy Act 1966 and their estate is administered by a trustee. It allows for the fair distribution of property among creditors and the prosecution of dishonest debtors.\r \r A debt agreement is an arrangement between a person who cannot pay their debts and their creditors. It is a formal arrangement under Part IX of the Bankruptcy Act. A debt agreement results from creditors voting to accept a proposal from a debtor to settle their debts. To be eligible to propose a debt agreement, a debtor must be insolvent and meet threshold levels relating to unsecured debts and assets and after-tax income.\r \r Personal insolvency agreement (PIA): under Part X of the Bankruptcy Act, a personal insolvency agreement results from creditors accepting a debtor’s proposal to settle his or her debts. Unlike debt agreements, personal insolvency agreements are not subject to income, asset or debt thresholds.\r \r Please see our guide to learn more about the provisional personal insolvency statistics

This publication has been merged with the Quarterly personal insolvency statistics releases from the June quarter 2023. Updated regional statistics are available at: https://www.data.gov.au/dataset/ds-dga-7747bab5-2d62-4637-bd0c-3c0a3ec7fcde/details?q= AFSA publish State, Greater Capital Cities Statistical Area (GCCSA) and Statistical Area Level 3 (SA3) breakdown of the number of debtors with business and non-business related personal insolvencies on a quarterly basis, using the Australian Bureau of Statistics (ABS) Australian Statistical Geography Standard (ASGS) AFSA suppresses the data for regions with small numbers of individuals to protect the privacy and confidentiality of insolvent debtors. Whenever necessary to suppress data, cells are marked ‘data not available’ (NULL cells in the csv files). Generally, AFSA publish data with three or more debtors. Addresses that are not in the ASGS are reported as 'Other (not in ASGS)' for each state and territory. This includes debtors who: a) have no fixed address, b) have not lodged a statement of affairs, or c) reported an overseas address.

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.

Personal Insolvency: Bankruptcy: In Business: Australian Capital Territory data was reported at 4.000 Unit in Mar 2025. This records an increase from the previous number of 1.000 Unit for Feb 2025. Personal Insolvency: Bankruptcy: In Business: Australian Capital Territory data is updated monthly, averaging 2.000 Unit from Jul 2019 (Median) to Mar 2025, with 69 observations. The data reached an all-time high of 7.000 Unit in Dec 2019 and a record low of 0.000 Unit in Dec 2023. Personal Insolvency: Bankruptcy: In Business: Australian Capital Territory 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.

Canada Insolvency Statistics: Educational Services data was reported at 4.000 Unit in Feb 2025. This records a decrease from the previous number of 5.000 Unit for Jan 2025. Canada Insolvency Statistics: Educational Services data is updated monthly, averaging 3.000 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 15.000 Unit in Mar 2017 and a record low of 0.000 Unit in Jun 2023. Canada Insolvency Statistics: Educational Services 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.O010: Insolvency Statistics: NAICS 2017. [COVID-19-IMPACT]

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, 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.