During the 12 months through March 31, 2020, Harris County in Texas registered the highest number of Chapter 11 bankruptcies of any county in the United States, with 253 business and 8 non-business bankruptcy cases filed.
Chapter 11 bankruptcy is where the debtor negotiates with their creditors to alter the terms of their repayments. While the terms of the loans are changed, the outstanding debt still needs to be repaid.
Counties with the most Chapter 11 bankruptcy filings in the United States for the 12 months through March 2020
* Cases filed out of area in the District Court of Delaware (Third Circuit).
** Cases filed out of area in the District Court of Virginia East (Fourth Circuit).
*** Cases filed out of area in the District Court of Texas South (Fifth Circuit).
Data is for 12 months through March 31, 2020.
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 11 bankruptcy is where the debtor negotiates with their creditors to alter the terms of their repayments. While the terms of the loans are changed, the outstanding debt still needs to be repaid.
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US Courts. (March 31, 2020). Counties with the most Chapter 11 bankruptcy filings in the United States for the 12 months through March 2020 [Graph]. In Statista. Retrieved August 08, 2022, from https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
US Courts. "Counties with the most Chapter 11 bankruptcy filings in the United States for the 12 months through March 2020." Chart. March 31, 2020. Statista. Accessed August 08, 2022. https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
US Courts. (2020). Counties with the most Chapter 11 bankruptcy filings in the United States for the 12 months through March 2020. Statista. Statista Inc.. Accessed: August 08, 2022. https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
US Courts. "Counties with The Most Chapter 11 Bankruptcy Filings in The United States for The 12 Months through March 2020." Statista, Statista Inc., 31 Mar 2020, https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
US Courts, Counties with the most Chapter 11 bankruptcy filings in the United States for the 12 months through March 2020 Statista, https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/ (last visited August 08, 2022)