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Bankruptcy Filings Up 34 Percent over Last Fiscal Year

February 25, 2009

Contact: Karen Redmond and posted at http://www.uscourts.gov/Press_Releases /2009/BankruptcyFilingsSep2009.cfm

November 25, 2009 — Bankruptcy cases filed in federal courts for fiscal year 2009 totaled 1,402,816, up 34.5 percent over the 1,042,993 filings reported for the 12-month period ending September 30, 2008, according to statistics released today by the Administrative Office of the U.S. Courts.

The federal Judiciary’s fiscal year is the 12-month period ending September 30. The bankruptcies reported today are for October 1, 2008 through September 30, 2009.

Additional statistics released today include business and non-business filings for the 12-month period ending September 30, 2009 (Table F-2, 12-month); a comparison of September 2008 and 2009 filings (Table F), 3rd quarter filings (Table F-2, 3-month); monthly filings for the 12-month period ending September 30, 2009 (Table F-2, Monthly); and filings per capita.

Related Items

Per Capita Filings 2009 (pdf) (excel)

Table F-2 (filing by month) (pdf) (excel)

Table F (12-month period) (pdf) (excel)

Table F-2 (12-month period) (pdf) (excel)

Table F-2 (3-month period) (pdf) (excel)
Business and Non-Business Filings Years Ended September 30, 2005-2009
FY Business Non-Business TOTAL
2009 58,721 1,344,095 1,402,816
2008 38,651 1,004,342 1,042,993
2007 25,925 775,344 801,269
2006 27,333 1,085,209 1,112,542
2005 34,222 1,748,421 1,782,643
Bankruptcy Filings by Chapter of the Bankruptcy Code 12-Month Periods Ending September 30, 2005-2009
Chapter
Year 7 11 12 13
2009 989,227 14,745 487 398,210
2008 679,982 8,799 332 353,828
2007 484,162 5,888 361 310,802
2006 833,147 6,003 376 272,937
2005 1,346,201 6,637 364 429,316
Business and Non-Business Filings

For the 12-month period ending September 30, 2009, business filings totaled 58,721, up 52 percent from the 38,651 business filings in the 12-month period ending September 30, 2008. Non-business filings totaled 1,344,095, up 34 percent from the 1,004,342 non-business bankruptcy filings in September 2008.

Filings Under All Chapters

In FY 2009, filings rose for all bankruptcy Chapters:

Chapter 7 filings in FY 2009 totaled 989,227, up 45 percent from the 679,982 Chapter 7 filings in FY 2008.
Chapter 11 filings rose 68 percent, increasing from 8,799 in FY 2008 to 14,745 in FY 2009.
Chapter 13 filings rose 13 percent, from 353,828 in FY 2008 to 398,210 in FY 2009.
Chapter 12 is designed to meet the needs of financially distressed family farmers. In FY 2009, Chapter 12 filings totaled 487, up 47 percent from the 332 Chapter 12 filings in FY 2008.

Fourth Quarter Filings

Monthly Filings
July–September, 2008 and 2009
Month Filings 2008 Filings 2009
July 98,202 133,187
August 96,056 127,391
September 98,033 127,907
The 3-month period ending September 30, 2009, was the Judiciary’s final quarter of fiscal year 2009. Bankruptcy filings in the fourth quarter totaled 388,485, up 33 percent from the 292,291 bankruptcy cases filed in the final quarter of FY 2008. For a breakdown of filings by all chapters for the quarter, see Table F-2, 3-month period.