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Bankruptcies: US: Difference between revisions

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Bankruptcies: US (view source)

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'''Chapter 7'''
'''Chapter 7'''


Chapter 7 bankruptcy is a liquidation proceeding available to consumers and businesses. Those assets of a debtor that are not exempt from creditors are collected and liquidated (reduced to money), and the proceeds are distributed to creditors. A consumer debtor receives a complete discharge from debt under Chapter 7, except for certain debts that are prohibited from discharge by the Bankruptcy Code.<ref>https://www.justice.gov/ust/bankruptcy-fact-sheets/overview-bankruptcy-chapters</ref>
Chapter 7 bankruptcy is a liquidation proceeding available to consumers and businesses. Those assets of a debtor that are not exempt from creditors are collected and liquidated (reduced to money), and the proceeds are distributed to creditors. A consumer debtor receives a complete discharge from debt under Chapter 7, except for certain debts that are prohibited from discharge by the Bankruptcy Code.<ref name=":0">https://www.justice.gov/ust/bankruptcy-fact-sheets/overview-bankruptcy-chapters</ref>


'''Chapter 11'''
'''Chapter 11'''
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|617
|617
|321,359
|321,359
|}
=== Q2 2024 ===
{| class="wikitable"
!<span></span><ref name=":0" />
! colspan="5" |Combined
! colspan="5" |Business
! colspan="4" |Nonbusiness
|-
! rowspan="2" |Year
!Total
!Total
!Total
!Total
!Total
!All
!Chapter
!Chapter
!Chapter
!Other
!All
!Chapter
!Chapter
!Chapter
|-
!All  Chapters
!Chapter 7
!Chapter 11
!Chapter 13
!Other Chapters
!Chapters
!7
!11
!13
!Chapters
!Chapters
!7
!11
!13
|-
|Q2 2024
|132,710
|80,030
|2,576
|49,910
|194
|6,276
|3,151
|2,462
|469
|194
|126,434
|76,879
|114
|49,441
|-
|Q1 2024
|122,345
|72,133
|2,100
|47,982
|130
|5,468
|2,918
|2,021
|399
|130
|116,877
|69,215
|79
|47,583
|-
|Q2 2023
|113,942
|66,921
|1,906
|45,046
|69
|4,554
|2,376
|1,802
|307
|69
|109,388
|64,545
|104
|44,739
|-
|'''Y/Y Change'''
|'''16.47%'''
|'''19.59%'''
|'''35.15%'''
|'''10.80%'''
|'''181.16%'''
|'''37.81%'''
|'''32.62%'''
|'''36.63%'''
|'''52.77%'''
|'''181.16%'''
|'''15.58%'''
|'''19.11%'''
|'''9.62%'''
|'''10.51%'''
|-
|'''Q/Q Change'''
|'''8.47%'''
|'''10.95%'''
|'''22.67%'''
|'''4.02%'''
|'''49.23%'''
|'''14.78%'''
|'''7.98%'''
|'''21.82%'''
|'''17.54%'''
|'''49.23%'''
|'''8.18%'''
|'''11.07%'''
|'''44.30%'''
|'''3.90%'''
|}
|}


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