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.

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.

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.

As of January 2025, the largest all-time bankruptcy in the United States remained Lehman Brothers. The New York-based investment bank had assets worth 691 billion U.S. dollars when it filed for bankruptcy on September 15, 2008. This event was one of the major points in the timeline of the Great Recession, as it was the first time a bank of its size had failed and had a domino effect on the global banking sector, as well as wiping almost five percent of the S&P 500 in one day. Bank failures in the U.S. In March 2023, for the first time since 2021, two banks collapsed in the United States. Both bank failures made the list of largest bankruptcies in terms of total assets lost: The failure of Silicon Valley Bank amounted to roughly 209 billion U.S. dollars worth of assets lost, while Signature Bank had approximately 110.4 billion U.S. dollars when it collapsed. These failures mark the second- and the third-largest bank failures in the U.S. since 2001. Unprofitable banks in the U.S. The collapse of Silicon Valley Bank and Signature Bank painted an alarming picture of the U.S. banking industry. In reality, however, the state of the industry was much better in 2022 than in earlier periods of economic downturns. The share of unprofitable banks, for instance, was 3.4 percent in 2022, which was an increase compared to 2021, but remained well below the share of unprofitable banks in 2020, let alone during the global financial crisis in 2008. The share of unprofitable banks in the U.S. peaked in 2009, when almost 30 percent of all FDIC-insured commercial banks and savings institutions were unprofitable.

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.

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.

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 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.

This table contains 588 series, with data for years 2004 - 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; Prince Edward Island; Nova Scotia ...), Bankruptcies (2 items: Business bankruptcies; Value of liabilities ...), North American Industry Classification System (NAICS) (21 items: Total; all industries; Utilities; Agriculture; forestry; fishing and hunting; Mining and oil and gas extraction ...).

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.

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.

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.

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.

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.

United States Number of Bankruptcy Filings: 12 Months End: Total data was reported at 775,578.000 Unit in Jun 2018. This records a decrease from the previous number of 779,828.000 Unit for Mar 2018. United States Number of Bankruptcy Filings: 12 Months End: Total data is updated quarterly, averaging 1,127,874.500 Unit from Mar 1990 (Median) to Jun 2018, with 114 observations. The data reached an all-time high of 2,078,415.000 Unit in Dec 2005 and a record low of 617,660.000 Unit in Dec 2006. United States Number of Bankruptcy Filings: 12 Months End: 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.

United States Number of Bankruptcy Filings: 12 Months End: Non Business: Chapter 7 data was reported at 465,472.000 Unit in Jun 2018. This records a decrease from the previous number of 467,027.000 Unit for Mar 2018. United States Number of Bankruptcy Filings: 12 Months End: Non Business: Chapter 7 data is updated quarterly, averaging 766,848.500 Unit from Mar 1990 (Median) to Jun 2018, with 114 observations. The data reached an all-time high of 1,631,011.000 Unit in Dec 2005 and a record low of 349,012.000 Unit in Dec 2006. United States Number of Bankruptcy Filings: 12 Months End: 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 USA – Table US.O011: Number of Bankruptcy Filings.

United States Number of Bankruptcy Filings: Chapter 13 data was reported at 72,855.000 Unit in Jun 2018. This records an increase from the previous number of 71,068.000 Unit for Mar 2018. United States Number of Bankruptcy Filings: Chapter 13 data is updated quarterly, averaging 94,645.000 Unit from Dec 1995 (Median) to Jun 2018, with 91 observations. The data reached an all-time high of 119,745.000 Unit in Jun 2003 and a record low of 49,854.000 Unit in Mar 2006. United States Number of Bankruptcy Filings: Chapter 13 data remains active status in CEIC and is reported by American Bankruptcy Institute. The data is categorized under Global Database’s USA – Table US.O011: Number of Bankruptcy Filings.

Over the past decade, one of the most damaging years for the retail industry in the United States was 2020, when the coronavirus (COVID-19) pandemic hit. That year, there were ** bankruptcies announced by retail companies. As of July 2024, the number of bankrupcy announcements amounted to ** in the United States.

Chapter ** bankruptcies in the United States peaked in 2010, when ******* non-business and ***** business claims were made under Chapter ** of the Bankruptcy Code. By 2023, these figures had dropped to ******* and ***** respectively.

Chapter ** 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.