Bankruptcy Statistics

Bankruptcy Statistics Data
Total number of Business and Nonbusiness bankruptcy filings in 2014 936,795
Percent of filings that were business 2.7 %
Percent of filings that were nonbusiness 97.3 %
Type of Bankruptcy Filing Percent
Chapter 7 67 %
Chapter 11 0.7 %
Chapter 12 0.1 %
Chapter 13 33.1 %
States With The Most Bankruptcy Filings Last Year Number
California 110,800
Florida 68,500
Illinois 61,400
Georgia 52,800
Ohio 41,200
Tennessee 38,900
Michigan 35,600
New York 32,200

Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

Statistic Verification
Source: United States Courts
Research Date: September 26th, 2015

Questions: How many people filed for bankruptcy last year? Total number of businesses that filed for bankruptcy last year? What percent of bankruptcies are chapter 7 and chapter 11? Statistics on bankruptcy.