|
According to the Administrative Office of the U.S. Courts, the number of business bankruptcies filed in the second quarter of 2020 totaled 5,521, decreased by 1.3% from 5,595 business bankruptcies filed in the same quarter of 2019.
|
US Total Business Bankruptcy Filings (Q3 2018 – Q3 2020)
|
 |
Please click here to download the chart (PDF format).
Total Business Bankruptcy Filings (by quarter)
| Year |
Quarter |
Total Business Bankruptcy |
% change over the same period last year |
| 2020 |
Q1 |
5,952 |
6.0% |
| |
Q2 |
5,154 |
-11.1% |
| |
Q3 |
5,521 |
-1.3% |
| 2019 |
Q1 |
5,614 |
-1.0% |
| |
Q2 |
5,799 |
5.8% |
| |
Q3 |
5,595 |
8.5% |
| |
Q4 |
5,712 |
-2.4% |
| |
Q1 to Q4 |
22,720 |
2.5% |
| 2018 |
Q1 |
5,669 |
-0.8% |
| |
Q2 |
5,479 |
-13.9% |
| |
Q3 |
5,155 |
-2.6% |
| |
Q4 |
5,855 |
2.2% |
| |
Q1 to Q4 |
22,158 |
-4.1% |
| 2017 |
Q1 |
5,715 |
-8.2% |
| |
Q2 |
6,366 |
-2.6% |
| |
Q3 |
5,290 |
-5.5% |
| |
Q4 |
5,727 |
+1.1% |
| |
Q1 to Q4 |
23,098 |
-3.9% |
| 2016 |
Q1 |
6,227 |
+1.1% |
| |
Q2 |
6,537 |
+6.0% |
| |
Q3 |
5,597 |
-11.7% |
| |
Q4 |
5,666 |
-5.1% |
| |
Q1 to Q4 |
24,027 |
-2.5% |
| 2015 |
Q1 |
6,159 |
-11.9% |
| |
Q2 |
6,166 |
-15.3% |
| |
Q3 |
6,338 |
-0.3% |
| |
Q4 |
5,973 |
-4.0% |
| |
Q1 to Q4 |
24,636 |
-8.2% |
| 2014 |
Q1 |
6,992 |
-17.9% |
| |
Q2 |
7,283 |
-17.9% |
| |
Q3 |
6,355 |
-21.7% |
| |
Q4 |
6,219 |
-17.7% |
| |
Q1 to Q4 |
26,849 |
-18.8% |
| 2013 |
Q1 |
8,512 |
-22.6% |
| |
Q2 |
8,874 |
-14.5% |
| |
Q3 |
8,119 |
-12.2% |
| |
Q4 |
7,556 |
-18.1% |
| |
Q1 to Q4 |
33,061 |
-17.0% |
| 2012 |
Q1 |
10,998 |
-11.9% |
| |
Q2 |
10,374 |
-16.5% |
| |
Q3 |
9,248 |
-21.3% |
| |
Q4 |
9,231 |
-17.2% |
| |
Q1 to Q4 |
39,851 |
-16.6% |
| 2011 |
Q1 |
12,477 |
-15.2% |
| |
Q2 |
12,431 |
-14.4% |
| |
Q3 |
11,749 |
-16.3% |
| |
Q4 |
11,149 |
-14.4% |
| |
Q1 to Q4 |
47,806 |
-15.1% |
| 2010 |
Q1 |
14,705 |
1.9% |
| |
Q2 |
14,516 |
-9.9% |
| |
Q3 |
14,031 |
-8.2% |
| |
Q4 |
13,030 |
-13.2% |
| |
Q1 to Q4 |
56,282 |
-7.5% |
| 2009 |
Q1 |
14,427 |
62.6% |
| |
Q2 |
16,113 |
57.5% |
| |
Q3 |
15,277 |
32.3% |
| |
Q4 |
15,020 |
16.4% |
| |
Q1 to Q4 |
60,837 |
39.7% |
| 2008 |
Q1 |
8,870 |
39.6% |
| |
Q2 |
10,228 |
51.2% |
| |
Q3 |
11,547 |
60.0% |
| |
Q4 |
12,901 |
61.6% |
| |
Q1 to Q4 |
43,546 |
53.8% |
| 2007 |
Q1 |
6,354 |
56.2% |
| |
Q2 |
6,765 |
39.8% |
| |
Q3 |
7,218 |
38.7% |
| |
Q4 |
7,985 |
42.9% |
| |
Q1 to Q4 |
28,322 |
43.8% |
Bankruptcy Basics
Chapter 7
Liquidation under the Bankruptcy Code
The chapter of the Bankruptcy Code providing for "liquidation," ( i.e., the sale of a debtor''s nonexempt property and the distribution of the proceeds to creditors.)
Chapter 11
Reorganisation under the Bankruptcy Code
The chapter of the Bankruptcy Code providing (generally) for reorganisation, usually involving a corporation or partnership. (A chapter 11 debtor usually proposes a plan of reorganisation to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.)
Source: Administrative Office of the U.S. Courts
|
