Bankruptcy filings rose 10 percent over the last year
NATION - JULY 31, 2023 - Personal and business bankruptcy filings rose 10 percent in the twelve-month period ending June 30, 2023, compared with the previous year. According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 418,724 in the year ending June 2023, compared with 380,634 cases in the previous year.
Business filings rose 23.3 percent, from 12,748 to 15,724 in the year ending June 30, 2023. Non-business bankruptcy filings rose 9.5 percent to 403,000, compared with 367,886 in the previous year.
Bankruptcy totals for the previous 12 months are reported four times annually. Filings over any 12-month period have increased only rarely since filings peaked in 2010. Bankruptcies fell sharply after the pandemic began in early 2020, despite some early COVID-related disruptions to the economy.
Business and non-business bankruptcy filings for the 12-month period ending June 30, 2023 (Table F-2, 12-Month),
A comparison of 12-month data ending June 2022 and June 2023 (Table F),
Second quarter filings, (Table F-2, 3 Month); and filings by month (Table F-2, April, May, June),
Bankruptcy filings by county (Table F-5A).
For more on bankruptcy and its chapters, view the following resources:
Historic caseload statistics data tables
Federal Rules of Bankruptcy Procedure
General information about bankruptcy, including Bankruptcy Basics
Related Topics: Bankruptcy Filings
The information for this story came from U.S. Court News
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