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HOW MANY PEOPLE FILE BANKRUPTCY?

Historically, over the past 31 years, over 1 million people per year on average filed for bankruptcy protection in the United States.  

Year

          Totals 
Filings

   Business
Filings

   Non-Business
Filings

  Consumer Filings
as a Percentage
of Total Filings

2010 1,593,081 56,282 1,536,099 96.42%
2009 1,473,675 60,837 1,412,838 95.87%

2008

1,117,771

43,546

1,074,225

96.10%

2007

850,912

28,322

822,590

96.67%

2006

617,660

19,695

597,965

96.81%

2005

2,078,415

39,201

2,039,214

98.11%

2004

1,597,462

34,317

1,563,145

97.85%

2003

1,660,245

35,037

1,625,208

97.89%

2002

1,577,651

38,540

1,539,111

97.56%

2001

1,492,129

40,099

1,452,030

97.31%

2000

1,253,444

35,472

1,217,972

97.17%

1999

1,319,465

37,884

1,281,581

97.12%

1998

1,442,549

44,367

1,398,182

96.92%

1997

1,404,145

54,027

1,350,118

96.15%

1996

1,178,555

53,549

1,125,006

95.46%

1995

926,601

51,959

874,642

94.39%

1994

832,829

52,374

780,455

93.71%

1993

875,202

62,304

812,898

92.88%

1992

971,517

70,643

900,874

92.73%

1991

943,987

71,549

872,438

92.42%

1990

782,960

64,853

718,107

91.72%

1989

679,461

63,235

616,226

90.69%

1988

613,465

63,853

549,612

89.59%

1987

577,999

82,446

495,553

85.74%

1986

530,438

81,235

449,203

84.69%

1985

412,510

71,277

341,233

82.72%

1984

348,521

64,004

284,517

81.64%

1983

348,880

62,436

286,444

82.10%

1982

380,251

69,300

310,951

81.78%

1981

363,943

48,125

315,818

86.78%

1980

331,264

43,694

287,570

86.81%

TOTALS 30,576,987
1,644,462 28,931,825
AVERAGE 986,354 53,047 933,328

 

From 1980 through 2010, an average of  933,328 personal bankruptcies were filed.  But does that mean that an average of 933,328 people filed bankruptcy?  No.  The statistics treat joint filings, for example for husband and wife, as one bankruptcy. It is estimated that 32% of personal bankruptcies filed are joint filings of husband and wife.  Therefore, to approximate the number of people filing bankruptcy, one must increase the filings by 32% to obtain a more realistic number of 1,231,993 individual persons.  

 

933,328 x 1.32 (to account for joint filers) = 1,231,993 individuals per year average


Therefore, over the past 31 years, an average of more than one million people per year have filed for personal bankruptcy debt relief and protection.

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