The nature of debt is business if the debtor is a corporation or partnership, or if debt related to the operation of a business predominates. Non-business debt includes consumer debt or other debt that the debtor indicates is not consumer debt or business debt.
Chapter 7 bankruptcy is the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold.
California had the highest number of Chapter 7 bankruptcy filings of any state in 2023 with * Chapter 7 bankruptcy filings. of these were filed by businesses, and * were non-business filings.Â
Chapter 7 bankruptcy is when the debtor's (non-exempt) assets are sold to repay outstanding debts, with the remainder of the debt not needing to be repaid. Qualification for Chapter 7 bankruptcy is contingent on earning below a certain income threshold.
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US Courts. (July 2, 2024). Number of Chapter 7 bankruptcy filings in the United States in 2023, by state [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/1117994/bankruptcy-filings-us-chapter-7-state/
US Courts. "Number of Chapter 7 bankruptcy filings in the United States in 2023, by state." Chart. July 2, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/1117994/bankruptcy-filings-us-chapter-7-state/
US Courts. (2024). Number of Chapter 7 bankruptcy filings in the United States in 2023, by state. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/1117994/bankruptcy-filings-us-chapter-7-state/
US Courts. "Number of Chapter 7 Bankruptcy Filings in The United States in 2023, by State." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 2 Jul 2024, /statistics/1117994/bankruptcy-filings-us-chapter-7-state/
US Courts, Number of Chapter 7 bankruptcy filings in the United States in 2023, by state ÌÇÐÄÆƽâ°æ, /statistics/1117994/bankruptcy-filings-us-chapter-7-state/ (last visited July 29, 2026)
Number of Chapter 7 bankruptcy filings in the United States in 2023, by state [Graph], US Courts, July 2, 2024. [Online]. Available: /statistics/1117994/bankruptcy-filings-us-chapter-7-state/
