In 2023, Texas was the state with the highest number of Chapter 11 bankruptcy filings, totaling 1,438. Overwhelmingly, it was businesses that filed for Chapter 11 bankruptcy, accounting for 1,417 of the total bankruptcies in Texas during this period.
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.
Number of Chapter 11 bankruptcy filings in the United States in 2023, by state
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. (July 2, 2024). Number of Chapter 11 bankruptcy filings in the United States in 2023, by state [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/1118037/bankruptcy-filings-us-chapter-11-state/
US Courts. "Number of Chapter 11 bankruptcy filings in the United States in 2023, by state." Chart. July 2, 2024. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/1118037/bankruptcy-filings-us-chapter-11-state/
US Courts. (2024). Number of Chapter 11 bankruptcy filings in the United States in 2023, by state. Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/1118037/bankruptcy-filings-us-chapter-11-state/
US Courts. "Number of Chapter 11 Bankruptcy Filings in The United States in 2023, by State." Statista, Statista Inc., 2 Jul 2024, https://www.statista.com/statistics/1118037/bankruptcy-filings-us-chapter-11-state/
US Courts, Number of Chapter 11 bankruptcy filings in the United States in 2023, by state Statista, https://www.statista.com/statistics/1118037/bankruptcy-filings-us-chapter-11-state/ (last visited November 20, 2024)
Number of Chapter 11 bankruptcy filings in the United States in 2023, by state [Graph], US Courts, July 2, 2024. [Online]. Available: https://www.statista.com/statistics/1118037/bankruptcy-filings-us-chapter-11-state/
