TBA Law Blog


Posted by: Azya Thornton on Nov 13, 2024

Personal and business bankruptcy filings rose 16.2% this year compared to 2023, according to statistics released by the Administrative Office of the U.S. Courts. Business filings increased 33.5% in 2024, while non-business bankruptcy filings rose 15.5%. Bankruptcy totals for the previous 12 months are reported quarterly. According to the report, total filings steadily declined for more than a decade, from a high of nearly 1.6 million in September 2010 to a low of 380,634 in June 2022. Filings have increased each quarter since then, but they remain well below historical highs.