Text-Size -A+

News Archives

  • print
  • FAQs

This article is in the news archives --- for current news go to the Third Branch News.

 

All news

Bankruptcy Filings Down From 2010 Levels

August 05, 2011

Related Items

Business and Non-Business Filings
Years Ended June 30, 2007-2011
Year Total Non-Business Business
2011 1,529,560 1,477,426 52,134
2010 1,572,597 1,512,989 59,608
2009 1,306,315 1,251,294 55,021
2008 967,831 934,009 33,822
2007 751,056 727,167 23,889
Total Bankruptcy Filings
by Bankruptcy Chapter
Years Ending June 30, 2007-2011
Chapter
Year 7 11 12 13
2011 1.083,671 12,714 717 432,333
2010 1,133,320 14,272 660 424,242
2009 907,603 13,951 422 384,187
2008 615,748 7,293 314 344,421
2007 450,332 5,586 386 294,693

Contact: Karen Redmond, 202-502-2600

According to statistics released today by the Administrative Office of the U.S. Courts, bankruptcy petitions filed in the 12-month period ending June 30, 2011 totaled 1,529,560, down 2.7 percent from the 1,572,597 bankruptcy petitions filed in the 12-month period ending June 30, 2010.

Despite the slight drop in overall filings nationwide, the number of bankruptcy filings increased in 19 of the 94 districts. The largest percentage increases in bankruptcy filings were in the Southern District of Florida, with a 15 percent increase over 2010, and the Districts of Utah and the Central District of California, where filings for the 12-month period ending June 30, 2011 increased 13 percent over 2010.

Additional statistics released today include business and non-business filings for the 12-month period ending June 30, 2011 (Table F-2, 12-month); a comparison of June 2010 and 2011 filings (Table F), 3rd quarter filings (Table F-2, 3-month); monthly filings for the 12-month period ending June 30, 2011 (Table F-2, Monthly); and filings per capita.

Business and Non-Business Filings

The overall drop in filings was largely due to a 2 percent decline in non-business or personal bankruptcy filings. Non-business (consumer) filings for the 12-month period ending June 30, 2011 totaled 1,477,426, down from the 1,512,989 non-business filings for June 30, 2010.

Business filings totaled 52,134, down 13 percent from the 59,608 business filings reported for the 12-month period ending June 30, 2010.

Filings by Chapter, 12-month Period Ending June 30

  • Chapter 13 filings totaled 432,333, an increase of 2 percent from the 424,242 filings in the same time period in June 2010.
  • Chapter 7 filings totaled 1,083,671, down 4 percent from the 1,133,320 Chapter 7 filings in the 12-month period ending June 30, 2010.
  • Chapter 11 filings fell 11 percent from 14,272 filings as of June 30, 2010, to 12,714 filings during the 12-month period ending June 30, 2011. 
  • Chapter 12 filings rose 9 percent to 717 from the 660 Chapter 12 bankruptcies filed as of June 30, 2010.

The Judiciary's Third Quarter Filings

Third quarter filings, the 3-month period ending June 30, 2011, totaled 379,790.  For fiscal year 2011, filings for the first quarter (October 1, 2010 –December 31, 2010) totaled 370,080 and second quarter filings (January 1, 2011 – March 31, 2011) totaled 366,178. The federal Judiciary’s fiscal year ends September 30.

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 can be found at www.uscourts.gov/rules/bk-localrules.html. Historic data on bankruptcy filings is available on the Judiciary's website under Bankruptcy Statistics. Additional bankruptcy statistics, including bankruptcies by county, can be found on the Judiciary's PACER system.

Quarterly Bankruptcy Filings*

PERIOD FILINGS PERIOD FILINGS PERIOD FILINGS PERIOD FILINGS
MAR. 31, 2011 366,178 JUN. 30, 2011 379,790
MAR. 31, 2010 388,148 JUN. 30, 2010 422,061 SEPT. 30, 2010 412,380 DEC. 31, 2010 370,080
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.