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Chapter 11 Bankruptcy Filings, Total (County)

Source: Bankruptcy Statistics, Administrative Office of the U.S. Courts
Topic: EconomySubtopic: Business Firm FinancialsCategory: Business Bankruptcy
Product: Business Stats, Local StatsDate Updated: March 2019Update Tips
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    * In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), which adjusted the requirements for filing for bankruptcy with the intention of reducing the number of bankruptcy cases. Before the new requirements took effect, a large number of bankruptcy cases were opened in 2005. Subsequent years did see a decrease in bankruptcy cases compared to 2005.

    Years Available: 2005–2018

    Permanent Link: http://data.sagepub.com/sagestats/5095

    General Notes: *Median value gives the value for the "average" county for this metric, the 50th percentile of all counties reporting data. Some reporting counties were excluded due to complications involving changing geographic boundaries. **Chapter 11 is the chapter of the Bankruptcy Code that allows a business or individual to "reorganize, " remaining in business while paying creditors over time.

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