U.S. share of total debt held by bankruptcy filers 2020, by type

Published by Statista Research Department, Feb 2, 2024
Of those who filed for Chapter 7 bankruptcy in 2020, 49 percent of their total debt was student loan debt. Unfortunately, it is very difficult to discharge student loan debt via Chapter 7 bankruptcy, so many of these filers may still have to pay back their student loan debt.

Breakdown of total debt held by Chapter 7 bankruptcy filers in the United States in 2020

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Release date

September 2020

Region

United States

Survey time period

2020

Number of respondents

1,083 cases of Chapter 7 bankruptcy filings

Supplementary notes

*Uncategorized debt could include any class of debt.

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Statistics on " Bankruptcy in the U.S. "

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Other Chapters

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