Bankruptcy Filings Rise 14.2 Percent

Total bankruptcy filings rose 14.2 percent, with increases in both business and non-business bankruptcies, in the twelve-month period ending Dec. 31, 2024. This continues an ongoing rebound in filings after more than a decade of sharply dropping totals.

According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 517,308 in the year ending December 2024, compared with 452,990 cases in the previous year.

Business filings rose 22.1 percent, from 18,926 to 23,107, in the year ending Dec. 31, 2024. Non-business bankruptcy filings rose 13.9 percent to 494,201, compared with 434,064 in December 2023.

Bankruptcy totals for the previous 12 months are reported four times annually.

For more than a decade, total filings fell steadily, from a high of nearly 1.6 million in September 2010 to a low of 380,634 in June 2022. Total filings have increased each quarter since then, but they remain far lower than historical highs.

The following bankruptcy filings statistics tables are available: 

• Business and non-business bankruptcy filings for the 12-month period ending Dec. 31, 2024 (Table F-2, 12-Month),
• A comparison of 12-month data ending December 2023 and December 2024 (Table F),
• Filings for the most recent three months, (Table F-2, 3 Month); and filings by month (Table F-2, October, November, December),
• Bankruptcy filings by county (Table F-5A).

For more on bankruptcy and its chapters, view the following resources:

• Historic caseload statistics data tables
• Federal Rules of Bankruptcy Procedure
• General information about bankruptcy, including Bankruptcy Basics