In 2022, Los Angeles County in California registered the highest number of Chapter 7 bankruptcies of any county in the United States with 7,032 non-business and 401 business bankruptcy cases filed.
Chapter 7 bankruptcy is the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold.
Counties with the most Chapter 7 bankruptcy filings in the United States in the fiscal year of 2022
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.
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US Courts. (September 30, 2022). Counties with the most Chapter 7 bankruptcy filings in the United States in the fiscal year of 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
US Courts. "Counties with the most Chapter 7 bankruptcy filings in the United States in the fiscal year of 2022." Chart. September 30, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
US Courts. (2022). Counties with the most Chapter 7 bankruptcy filings in the United States in the fiscal year of 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
US Courts. "Counties with The Most Chapter 7 Bankruptcy Filings in The United States in The Fiscal Year of 2022." Statista, Statista Inc., 30 Sep 2022, https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
US Courts, Counties with the most Chapter 7 bankruptcy filings in the United States in the fiscal year of 2022 Statista, https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/ (last visited November 21, 2024)
Counties with the most Chapter 7 bankruptcy filings in the United States in the fiscal year of 2022 [Graph], US Courts, September 30, 2022. [Online]. Available: https://www.statista.com/statistics/1118406/bankruptcy-filings-us-chapter-7-county/
