Bankruptcy Filings Continue to Fall

October 31st, 2022

Published on October 31, 2022 – USCOURTS.GOV

Personal and business bankruptcy filings fell 11.7 percent for the 12-month period ending Sept. 30, 2022. Filings continued a fall that coincided with the start of the coronavirus (COVID-19) pandemic.

According to statistics released by the Administrative Office of the U.S. Courts, the September 2022 annual bankruptcy filings totaled 383,810, compared with 434,540 cases in the previous year.

Business filings fell 18.7 percent, from 16,140 to 13,125 in the year ending Sept. 30, 2022. Non-business bankruptcy filings fell 11.4 percent to 370,685, compared with 418,400 in the previous year.

Filings for Chapter 13 increased 26.6 percent, from 117,784 to 149,077 in the year ending Sept. 30, 2022. This chapter of the Bankruptcy Code provides for adjustment of debts of an individual with regular income.

The following bankruptcy filings statistics tables are available:

  • Business and non-business bankruptcy filings for the 12-month period ending Sept. 30, 2022 (Table F-2, 12-Month);
  • Bankruptcy data for the twelve-month periods ending in September 2021 and September 2022 (Table F);
  • Filings by quarter, (Table F-2, 3 Month); and filings by month (Table F-2, July, August, and September);
  • Bankruptcy filings by county (Table F-5A).
BUSINESS AND NON-BUSINESS FILINGS,
YEARS ENDING
SEPTEMBER 30, 2018-2022
YearBusinessNon-BusinessTotal
202213,125370,685383,810
202116,140418,400434,540
202022,391590,170612,561
201922,910753,764776,674
201822,103751,272773,375
TOTAL BANKRUPTCY FILINGS BY CHAPTER,
YEARS ENDING
SEPTEMBER 30, 2018-2022
YearChapter
7111213
2022229,7034,762182149,077
2021310,5975,622344117,784
2020409,1648,188581194,384
2019478,8387,320583289,802
2018477,2487,014468288,550

For more on bankruptcy and its chapters, view the following resources:

Related Topics: Bankruptcy Filings

Categories: Business Bankruptcy, Illinois Bankruptcy, News