In 2022, there were three municipal authorities in the United States that filed for bankruptcy under Chapter 9 of the Bankruptcy Code. The number of Chapter 9 bankruptcy filings peaked in 2012 when there were 20 filings.
Chapter 9 bankruptcy allows for financially distressed municipalities to reorganize outstanding debt with their creditors. Municipality is broadly defined, including cities, counties, townships, school districts, and public improvement districts, as well as revenue-producing bodies such as bridge and highway authorities.
Annual number of Chapter 9 municipality bankruptcy cases filed in the United States from 2000 to 2022
Chapter 9 bankruptcy allows for financially distressed municipalities to reorganize outstanding debt with their creditors. Municipality is broadly defined, including cities, counties, townships, school districts, and public improvement districts, as well as revenue-producing bodies such as bridge and highway authorities.
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American Bankruptcy Institute. (July 1, 2024). Annual number of Chapter 9 municipality bankruptcy cases filed in the United States from 2000 to 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1118479/bankruptcy-filings-us-chapter-9-municipality/
American Bankruptcy Institute. "Annual number of Chapter 9 municipality bankruptcy cases filed in the United States from 2000 to 2022." Chart. July 1, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1118479/bankruptcy-filings-us-chapter-9-municipality/
American Bankruptcy Institute. (2024). Annual number of Chapter 9 municipality bankruptcy cases filed in the United States from 2000 to 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1118479/bankruptcy-filings-us-chapter-9-municipality/
American Bankruptcy Institute. "Annual Number of Chapter 9 Municipality Bankruptcy Cases Filed in The United States from 2000 to 2022." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/statistics/1118479/bankruptcy-filings-us-chapter-9-municipality/
American Bankruptcy Institute, Annual number of Chapter 9 municipality bankruptcy cases filed in the United States from 2000 to 2022 Statista, https://www.statista.com/statistics/1118479/bankruptcy-filings-us-chapter-9-municipality/ (last visited November 21, 2024)
Annual number of Chapter 9 municipality bankruptcy cases filed in the United States from 2000 to 2022 [Graph], American Bankruptcy Institute, July 1, 2024. [Online]. Available: https://www.statista.com/statistics/1118479/bankruptcy-filings-us-chapter-9-municipality/
