Bankruptcy filings in the United States fall 14 percent from last years totals.

Bankruptcy filings in the United States


For the 12-month period ending June 30, 2012, bankruptcy filings totaled 1,311,602 petitions, 14 percent less than the 1,529,560 bankruptcies filed in the 12-month period ending June 30, 2011, according to statistics released today by the Administrative Office of the U.S. Courts. Bankruptcy lawyers enjoyed the rising number of filings over several prior years, but now it seems the number of bankruptcy attorneys or the amount of business for the lawyers and attorneys is slowing down.

Business and Non-business Filings 
Years Ended June 30, 2008-2012
Year Total Non-Business Business
2012 1,311,602 1,267,167 44,435
2011 1,529,560 1,477,426 52,134
2010 1,572,597 1,512,989 59,608
2009 1,306,315 1,251,294 55,021
2008 967,831 934,009 33,822
Total Bankruptcy Filings by Bankruptcy Chapter Years Ended June 30, 2008-2012
Chapter
Year 7 11 12 13
2012 914,015 10,921 582 385,949
2011 1,083,671 12,714 717 432,333
2010 1,133,320 14,272 660 424,242
2009 907,603 13,951 422 384,187
2008 615,748 7,293 314 344,421

Business and Non-Business Filings

The majority of bankruptcy filings involve predominantly non-business debts. For the 12-month period ending June 30, 2012, non-business filings—where the debts are predominantly personal or consumer in nature—totaled 1,267,167, down 14 percent from the 1,477,426 nonbusiness bankruptcies filed in the 12-month period ending June 30, 2011.

Third Quarter of FY 2012

April, May, and June 2012 constituted the third quarter of the Judiciary’s 2012 fiscal year. The number of bankruptcies filed during those three months was 325,693, down 14 percent from the 379,790 filings in the same quarter of 2011.

Filings by Chapter

For the 12-month period ending June 30, 2012, filings fell for chapters 7, 11, 12, and 13 compared to filings in the 12-month period ending June 30, 2011.

  • Chapter 7 filings, which constitute 70 percent of all filings, fell 16 percent to 914,015 from the 1,083,671 Chapter 7 filings in the 12-month period ending June 30, 2011.
  • Chapter 13 filings, which account for 29 percent of all filings, fell 11 percent to 385,949 from the 432,333 Chapter 13 bankruptcies filed in the same time period in 2011.
  • Chapter 11 filings, which make up less than 1 percent of all filings, fell 14 percent to 10,921 from the 12,714 Chapter 11 filings in the same time period in 2011.
  • Chapter 12 filings, fell 19 percent to 582 from the 717 Chapter 12 filings in the same time period in 2011.

For more on bankruptcy and bankruptcy chapters, visit the Judiciary’s website or go to usalawyer.org.

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