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Bankruptcy Statistics

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See how bankruptcy affects other U.S. consumers and businesses.


Whether it’s your own finances or a business you’ve helped build, making the decision to file for bankruptcy is never easy. But in many cases it’s the best option available, and when done correctly, it can give you or your company the fresh start you need to move forward instead of continuing to struggle and backslide.

The statistics below can help you understand how bankruptcy is impacting individuals, families and businesses in the U.S. today. If you’re struggling with debt and need help, call us or complete the form to the right to connect with the expert assistance you need.

Whether you need to file for personal bankruptcy or commercial bankruptcy for your business, Debt.com can help you get the fresh start you need.

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Bankruptcy filing statistics

Total number bankruptcy filings in the first quarter of 2014 — 238,708 [1]

Out of that total: [1]

Bankruptcy filings per Chapter, business and personal: [1]

Yearly bankruptcy trends

Fewer bankruptcies were filed in 2013 than were filed 2012. [1]

Bankruptcy credit report penalties


Number of years the negative item from a bankruptcy will remain on your credit: [1]

Credit score impact of bankruptcy: [2]

Source:
[1] http://www.uscourts.gov/Home.aspx
[2] http://www.myfico.com/crediteducation/questions/credit_problem_comparison.aspx

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