Chapter 13 bankruptcies in the United States peaked in 2010, when 434,739 non-business and 4,174 business claims were made under Chapter 13 of the Bankruptcy Code. By 2023, these figures had dropped to 182,630 and 1,326 respectively.
Chapter 13 bankruptcy is where debtors propose a repayment plan over a three- to five-year period. It is only available to those with sufficient disposable income to service their debts and allows for the debtor to avoid the sale of their assets to repay their outstanding debt.
Annual number of Chapter 13 bankruptcy cases filed in the United States from 2010 to 2023, by debtor
Characteristic
Business
Non-business
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Chapter 13 bankruptcy is where debtors propose a repayment plan over a three- to five-year period. It is only available to those with sufficient disposable income to service their debts and allows for the debtor to avoid the sale of their assets to repay their outstanding debt.
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US Courts. (July 1, 2024). Annual number of Chapter 13 bankruptcy cases filed in the United States from 2010 to 2023, by debtor [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1118195/bankruptcy-filings-us-chapter-13-debtor/
US Courts. "Annual number of Chapter 13 bankruptcy cases filed in the United States from 2010 to 2023, by debtor." Chart. July 1, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1118195/bankruptcy-filings-us-chapter-13-debtor/
US Courts. (2024). Annual number of Chapter 13 bankruptcy cases filed in the United States from 2010 to 2023, by debtor. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1118195/bankruptcy-filings-us-chapter-13-debtor/
US Courts. "Annual Number of Chapter 13 Bankruptcy Cases Filed in The United States from 2010 to 2023, by Debtor." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/statistics/1118195/bankruptcy-filings-us-chapter-13-debtor/
US Courts, Annual number of Chapter 13 bankruptcy cases filed in the United States from 2010 to 2023, by debtor Statista, https://www.statista.com/statistics/1118195/bankruptcy-filings-us-chapter-13-debtor/ (last visited July 22, 2024)
Annual number of Chapter 13 bankruptcy cases filed in the United States from 2010 to 2023, by debtor [Graph], US Courts, July 1, 2024. [Online]. Available: https://www.statista.com/statistics/1118195/bankruptcy-filings-us-chapter-13-debtor/
