Skip to main content

Bankruptcy Filings Rise 16.2 Percent

Published onJuly 25, 2024

Personal and business bankruptcy filings rose 16.2 percent in the twelve-month period ending June 30, 2024, compared with the previous year. 

According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 486,613 in the year ending June 2024, compared with 418,724 cases in the previous year.

Business filings rose 40.3 percent, from 15,724 to 22,060 in the year ending June 30, 2024. Non-business bankruptcy filings rose 15.3 percent to 464,553, compared with 403,000 in the previous year.

Bankruptcy totals for the previous 12 months are reported four times annually. For more than a decade, total filings fell steadily, from a high of nearly 1.6 million in September 2010 to a low of 380,634 in June 2022. Total filings have increased each quarter since then, but they remain far lower than historical highs.

Year	Business	Non-Business	Total
2024	22,060	464,553	486,613
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

Year	Chapter
	7	11	12	13
2024	284,975	8,717	181	192,421
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

The following bankruptcy filings statistics tables are available: 

• Business and non-business bankruptcy filings for the 12-month period ending June 30, 2024 (Table F-2, 12-Month),
• A comparison of 12-month data ending June 2023 and June 2024 (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:

• Historic caseload statistics data tables
• Federal Rules of Bankruptcy Procedure
• General information about bankruptcy, including Bankruptcy Basics