California had the highest number of Chapter 7 bankruptcy filings of any state in 2023 with 30,248 Chapter 7 bankruptcy filings. 1,735 of these were filed by businesses, and 28,513 were non-business filings.
Chapter 7 bankruptcy is when the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold.
Number of Chapter 7 bankruptcy filings in the United States in 2023, by state
The nature of debt is business if the debtor is a corporation or partnership, or if debt related to the operation of a business predominates. Non-business debt includes consumer debt or other debt that the debtor indicates is not consumer debt or business debt.
Chapter 7 bankruptcy is the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
US Courts. (July 2, 2024). Number of Chapter 7 bankruptcy filings in the United States in 2023, by state [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1117994/bankruptcy-filings-us-chapter-7-state/
US Courts. "Number of Chapter 7 bankruptcy filings in the United States in 2023, by state." Chart. July 2, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1117994/bankruptcy-filings-us-chapter-7-state/
US Courts. (2024). Number of Chapter 7 bankruptcy filings in the United States in 2023, by state. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1117994/bankruptcy-filings-us-chapter-7-state/
US Courts. "Number of Chapter 7 Bankruptcy Filings in The United States in 2023, by State." Statista, Statista Inc., 2 Jul 2024, https://www.statista.com/statistics/1117994/bankruptcy-filings-us-chapter-7-state/
US Courts, Number of Chapter 7 bankruptcy filings in the United States in 2023, by state Statista, https://www.statista.com/statistics/1117994/bankruptcy-filings-us-chapter-7-state/ (last visited December 04, 2024)
Number of Chapter 7 bankruptcy filings in the United States in 2023, by state [Graph], US Courts, July 2, 2024. [Online]. Available: https://www.statista.com/statistics/1117994/bankruptcy-filings-us-chapter-7-state/