2023 ended with 452k bankruptcies in total, representing a 17% increase from 2022 levels.
Bankrupcies are still way below pre-pandemic levels and in some cases are only normalizing, this is mostly true for non-business ones.
The rate of increase for business bankruptcies is the most concerning currently, especially since the maturity wall for most companies is still ahead.
- Business bankruptcies totaled 18,862 in 2023, for a 40% rise.
- Non-business were 434,054 in 2023, a 16% increase.
Bankruptcy Filings Statistics | United States Courts
Bankrupcies for larger corporations ended at the highest levels since 2010, for a 72.5% y/y increase.
