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Bankruptcy Filings Rise 10 Percent

Published on July 31, 2023

Personal and business bankruptcy filings rose 10 percent in the twelve-month period ending June 30, 2023, compared with the previous year. 

According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 418,724 in the year ending June 2023, compared with 380,634 cases in the previous year.

Business filings rose 23.3 percent, from 12,748 to 15,724 in the year ending June 30, 2023. Non-business bankruptcy filings rose 9.5 percent to 403,000, compared with 367,886 in the previous year.

Bankruptcy totals for the previous 12 months are reported four times annually. Filings over any 12-month period have increased only rarely since filings peaked in 2010. Bankruptcies fell sharply after the pandemic began in early 2020, despite some early COVID-related disruptions to the economy.

Business and Non-Business Filings,
Years Ending
June 30, 2019-2023
Year Business Non-Business Total
2023 15,724 403,000 418,724
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
Total Bankruptcy Filings By Chapter,
Years Ending
June 30, 2019-2023
Year Chapter
  7 11 12 13
2023 239,125 5,986 147 173,362
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

The following bankruptcy filings statistics tables are available: 

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

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