Chapter 11 bankruptcies in the United States peaked in 2009, when 13,683 businesses and 1,506 non-businesses filed a claim under Chapter 11 of the Bankruptcy Code. By 2023, these figures had dropped to 7,070
and 386 respectively.
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.
Annual number of Chapter 11 bankruptcy cases filed in the United States from 2007 to 2023, by debtor
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 1, 2024). Annual number of Chapter 11 bankruptcy cases filed in the United States from 2007 to 2023, by debtor [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/1118180/bankruptcy-filings-us-chapter-11-debtor/
US Courts. "Annual number of Chapter 11 bankruptcy cases filed in the United States from 2007 to 2023, by debtor." Chart. July 1, 2024. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/1118180/bankruptcy-filings-us-chapter-11-debtor/
US Courts. (2024). Annual number of Chapter 11 bankruptcy cases filed in the United States from 2007 to 2023, by debtor. Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/1118180/bankruptcy-filings-us-chapter-11-debtor/
US Courts. "Annual Number of Chapter 11 Bankruptcy Cases Filed in The United States from 2007 to 2023, by Debtor." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/statistics/1118180/bankruptcy-filings-us-chapter-11-debtor/
US Courts, Annual number of Chapter 11 bankruptcy cases filed in the United States from 2007 to 2023, by debtor Statista, https://www.statista.com/statistics/1118180/bankruptcy-filings-us-chapter-11-debtor/ (last visited November 20, 2024)
Annual number of Chapter 11 bankruptcy cases filed in the United States from 2007 to 2023, by debtor [Graph], US Courts, July 1, 2024. [Online]. Available: https://www.statista.com/statistics/1118180/bankruptcy-filings-us-chapter-11-debtor/