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Bankruptcy Filings Fall 0.7% – Smallest 12-Month Decline Since 2010

Bankruptcy filings in the 12-month period ending December 31, 2017, fell just 0.7 percent, compared with bankruptcy cases filed in calendar year 2016.  According to newly released data, 789,020 cases were filed in 2017, compared with 794,960 in the previous year.

The percentage decline is the smallest for a 12-month period since bankruptcy filings reached a peak in 2010. The number of bankruptcy filings is the lowest for any calendar year since 2006, and the seventh consecutive calendar year that filings have fallen.

Business and Non-Business Filings,
Years Ending
December 31, 2013-2017
Year Business Non-business Total
2017 23,157 765,863 789,020
2016 24,114 770,846 794,960
2015 24,735 819,760 844,495
2014 26,983 909,812 936,795
2013 33,212 1,038,720 1,071,932

Total Bankruptcy Filings by Chapter
Years Ending
December 31, 2013-2017
Year Chapter
  7 11 12 13
2017 486,347 7,442 501 294,637
2016 490,365 7,292 461 296,655
2015 535,047 7,241 407 301,705
2014 619,069 7,234 361 310,061
2013 728,833 8,980 395 333,626

The Administrative Office of the U.S. Courts also released the following statistics: 

Related Topics: Bankruptcy Filings