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.
The following bankruptcy filings statistics tables are available:
- Business and non-business bankruptcy filings for the 12-month period ending June 30, 2022 (Table F-2, 12-Month),
- A comparison of 12-month data ending June 2021 and June 2022 (Table F),
- Second quarter filings, (Table F-2, 3 Month); and filings by month (Table F-2, April, May, June),
- Bankruptcy filings by county (Table F-5A).
For more on bankruptcy and its chapters, view the following resources:
Related Topics: Bankruptcy Filings