Chapter 7 bankruptcy filings by debtor U.S. 2022

Chapter 7 bankruptcies in the United States peaked in 2010, when 1.1 million non-business and 39,485 business claims were filed under Chapter 7 of the Bankruptcy Code. By 2022, these figures had dropped to 222,072 and 7,631 respectively.

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.

Annual number of Chapter 7 bankruptcy cases filed in the United States from 2007 to 2022, by debtor

Characteristic	Business	Non-business
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Release date

October 2022

More information

Region

United States

Survey time period

2007 to 2022

Supplementary notes

Values prior to 2021 taken from previous reports.

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.

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