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Chapter 9 municipality bankruptcy filings in the United States 2000-2019

Published by Statista Research Department, Jan 20, 2021
In 2019, six municipal authorities in the United States filed for bankruptcy under Chapter 9 of the Bankruptcy Code. Although more than the four Chapter 9 bankruptcies in the preceding year, this is far lower than the 20 municipal bankruptcies recorded in 2012.

Chapter 9 bankruptcy allows for financially distressed municipalities to reorganize outstanding debt with their creditors. Municipality is broadly defined, including cities, counties, townships, school districts, and public improvement districts, as well as revenue-producing bodies such as bridge and highway authorities.

Annual number of Chapter 9 municipality bankruptcy cases filed in the United States from 2000 to 2019

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Source

Release date

2020

Region

United States

Survey time period

2000 to 2019

Supplementary notes

Chapter 9 bankruptcy allows for financially distressed municipalities to reorganize outstanding debt with their creditors. Municipality is broadly defined, including cities, counties, townships, school districts, and public improvement districts, as well as revenue-producing bodies such as bridge and highway authorities.

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