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Bankruptcy Filings Take Sharp Drop

Personal and business bankruptcy filings took a sharp drop in the twelve-month period ending June 30, 2022, falling 17.7 percent compared with the previous year. 

According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 380,634 in the year ending June 2022, compared with 462,309 cases in the previous year.

Business filings fell 31.1 percent, from 18,511 to 12,748 in the year ending June 30, 2022. Non-business bankruptcy filings fell 17.1 percent to 367,886, compared with 443,798 in the previous year.

Bankruptcy filings have fallen almost steadily since peaking in 2010. That trend has accelerated since the pandemic began in early 2020, despite some early COVID-related disruptions to the economy.

Business and Non-Business Filings,
Years Ending
June 30, 2018-2022

Year Business Non-Business Total
2022 12,748 367,886 380,634
2021 18,511 443,798 462,309
2020 22,482 659,881 682,363
2019 22,483 750,878 773,361
2018 22,245 753,333 775,578
Total Bankruptcy Filings By Chapter,
Years Ending
June 30, 2018-2022

Year Chapter
  7 11 12 13
2022 239,750 4,429 201 136,169
2021 335,886 6,871 438 118,864
2020 436,919 7,568 589 237,099
2019 475,069 7,193 542 290,416
2018 479,151 7,141 475 288,741

The following bankruptcy filings statistics tables are available: 

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

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