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Bankruptcy Filings Up Nearly 14 Percent over Last Fiscal Year

November 08, 2010

Contact: Karen Redmond, 202-502-2600

Bankruptcy cases filed in federal courts for fiscal year 2010, the 12-month period ending September 30, totaled 1,596,355, up 13.8 percent over total FY 2009 bankruptcy filings of 1,402,816, according to statistics released today by the Administrative Office of the U.S. Courts. While non-business bankruptcy filings continued to rise in FY 2010, business filings dropped slightly for the first time since 2006. The bankruptcies reported today are for October 1, 2009 through September 30, 2010.

Related Items

Interactive map: Bankruptcy Filings
per Capita, by U.S. County

Bankruptcy Filings per Capita by U.S. County

(Click image to open)

Business and Non-Business Filings
Years Ended September 30, 2006-2010
FY Business Non-Business TOTAL
2010
58,322
1,538,033
1,596,355
2009
58,721
1,344,095
1,402,816
2008
38,651
1,004,342
1,042,993
2007 25,925 775,344 801,269
2006 27,333 1,085,209 1,112,542
Bankruptcy Filings by Chapter of the Bankruptcy Code 12-Month Periods Ending September 30, 2006-2010
Chapter
Year 7 11 12 13
2010
1,146,511
14,191
707
434,839
2009
989,227
14,745
 487 398,210
 2008 679,982 
8,799 
332
353,828
2007 484,162 5,888 361 310,802
2006 833,147 6,003 376 272,937
Fourth Quarter Monthly Filings
July—September, 2008 to 2010
Month Filings 2008 Filings 2009 Filings 2010
July 98,202 133,187 137,324
August 96,056 127,391 138,359
September 98,033 127,907 136,697

Additional statistics released today include business and non-business bankruptcy filings for the 12-month period ending September 30, 2010 (Table F-2, 12-month); a comparison of September 2009 and 2010 filings (Table F), 4th quarter filings (Table F-2, 3-month); monthly filings for the 12-month period ending September 30, 2010 (Table F-2, Monthly); and filings per capita.

Business Bankruptcy Filings Fall

For the 12-month period ending September 30, 2010, business bankruptcy filings—defined in the Bankruptcy Code as those filings where the debtor is a corporation or partnership, or if the debt is predominantly related to the operation of a business—totaled 58,322, down 0.7 percent from the 58,721 business filings in the 12-month period ending September 30, 2009. Non-business bankruptcy filings totaled 1,538,033, up 14.4 percent from the 1,344,095 non-business bankruptcy filings in September 2009. This is the highest number of non-business filings for a fiscal year since FY 2005, immediately prior to the implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act in October 2006.

Filings Under All Chapters

In FY 2010, filings rose for most bankruptcy chapters:

  • Chapter 7 filings in FY 2010 totaled 1,146,511, up 15.9 percent from the 989,227 chapter 7 filings in FY 2009.
  • Chapter 11 filings fell 3.8 percent, decreasing from 14,745 in FY 2009 to 14,191 in FY 2010.
  • Chapter 13 filings rose 9.2 percent, from 398,210 in FY 2009 to 434,839 in FY 2010.
  • In FY 2010,chapter 12 filings totaled 707, up 45.2 percent from the 487 chapter 12 filings in FY 2009.

Fourth Quarter Filings

The 3-month period ending September 30, 2010, was the Judiciary’s final quarter of fiscal year 2010. Bankruptcy filings in the fourth quarter totaled 412,380, up 6.2 percent from the 388,485 bankruptcy cases filed in the final quarter of FY 2009. For a breakdown of filings by all chapters for the quarter, see Table F-2, 3-month period.

For more on bankruptcy and its chapters, visit the Judiciary's website or go to www.fjc.gov/federal/courts.nsf. Local bankruptcy court rules and historic data on bankruptcy filings are also available. Additional bankruptcy statistics, including bankruptcies by county, can be found on the Judiciary's PACER system.

Quarterly Filings*
PERIOD FILINGS PERIOD FILINGS PERIOD FILINGS PERIOD FILINGS
MAR. 31, 2010 388,148 JUN. 30, 2010 422,061 SEPT. 30, 2010 412,380    
MAR. 31, 2009 330,394 JUN. 30, 2009 381,073 SEPT. 30, 2009 388,485 DEC. 31, 2009 372,203
MAR. 31, 2008 245,695 JUN. 30, 2008 276,428 SEPT. 30, 2008 292,218 DEC. 31, 2008 301,253
MAR. 31, 2007 193,641 JUN. 30, 2007 210,449 SEPT. 30, 2007 218,909 DEC. 31, 2007 226,413
MAR. 31, 2006 116,771 JUN. 30, 2006 155,833 SEPT. 30, 2006 171,146 DEC. 31, 2006 177,599
MAR. 31, 2005 401,149 JUN. 30, 2005 467,333 SEPT. 30, 2005 542,002 DEC. 31, 2005 667,431
MAR. 31, 2004 407,572 JUN. 30, 2004 421,110 SEPT. 30, 2004 396,438 DEC. 31, 2004 371,668
MAR. 31, 2003 412,968 JUN. 30, 2003 440,257 SEPT. 30, 2003 412,989 DEC. 31, 2003 393,348
MAR. 31, 2002 379,012 JUN. 30, 2002 400,686 SEPT. 30, 2002 401,306 DEC. 31, 2002 395,129
MAR. 31, 2001 366,841 JUN. 30, 2001 400,394 SEPT. 30, 2001 359,518 DEC. 31, 2001 364,921
MAR. 31, 2000 312,335 JUN. 30, 2000 321,729 SEPT. 30, 2000 308,718 DEC. 31, 2000 310,169
MAR. 31, 1999 330,784 JUN. 30, 1999 345,956 SEPT. 30, 1999 323,550 DEC. 31, 1999 318,634
MAR. 31, 1998 354,118 JUN. 30, 1998 373,460 SEPT. 30, 1998 361,205 DEC. 31, 1998 353,108
MAR. 31, 1997 335,073 JUN. 30, 1997 367,168 SEPT. 30, 1997 353,515 DEC. 31, 1997 347,685
MAR. 31, 1996 266,149 JUN. 30, 1996 297,162 SEPT. 30, 1996 303,309 DEC. 31, 1996 311,131
MAR. 31, 1995 212,626 JUN. 30, 1995 235,302 SEPT. 30, 1995 233,593 DEC. 31, 1995 244,494

* Because of ongoing corrections to the bankruptcy database, the quarterly data may not total to the most recent annual figures. In addition, beginning with the quarter ending June 30, 2009, the Administrative Office implemented a new system for reporting bankruptcy data from the courts. The new system counts intradistrict transfers differently, which may lead to small revisions in filings counts in previous quarters.