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USAFacts
USAFacts
National

Bankruptcy in the US: how many companies file for Chapter 7, Chapter 11, and Chapter 13?

United States USAFacts

American businesses and individuals filed 383,810 bankruptcies in the 2022 fiscal year. The number of filings had generally risen since 1980, peaking at more than 1.78 million in 2005, but it has more or less fallen since then, other than a brief uptick in the wake of the Great Recession. The number of bankruptcy filings in 2022 was about 12% lower than in 2021.

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