In the fiscal year of 2022, Los Angeles County in California saw the highest number of bankruptcy cases filed within the district. Of the 167 cases, 127 were business cases. While Los Angeles had the highest number Chapter 11 bankruptcy cases overall, Hudson County in New Jersey and New York County had the highest number of business bankruptcy cases.
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.
Counties with the most Chapter 11 bankruptcy filings in the United States in the fiscal year of 2022, by county
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. (September 30, 2022). Counties with the most Chapter 11 bankruptcy filings in the United States in the fiscal year of 2022, by county [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
US Courts. "Counties with the most Chapter 11 bankruptcy filings in the United States in the fiscal year of 2022, by county." Chart. September 30, 2022. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
US Courts. (2022). Counties with the most Chapter 11 bankruptcy filings in the United States in the fiscal year of 2022, by county. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
US Courts. "Counties with The Most Chapter 11 Bankruptcy Filings in The United States in The Fiscal Year of 2022, by County." Statista, Statista Inc., 30 Sep 2022, https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
US Courts, Counties with the most Chapter 11 bankruptcy filings in the United States in the fiscal year of 2022, by county Statista, https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/ (last visited November 03, 2024)
Counties with the most Chapter 11 bankruptcy filings in the United States in the fiscal year of 2022, by county [Graph], US Courts, September 30, 2022. [Online]. Available: https://www.statista.com/statistics/1118419/bankruptcy-filings-us-chapter-11-county/
