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Counties with the most Chapter 7 bankruptcy filings in the United States in the fiscal year of 2022

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Source

Release date

September 2022

Region

United States

Survey time period

Fiscal year 2022

Supplementary notes

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.

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U.S. counties with the most Chapter 7 bankruptcy filings FY 2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Sep 30, 2022
In 2022, Los Angeles County in California registered the highest number of Chapter 7 bankruptcies of any county in the United States with non-business and *** business bankruptcy cases filed.

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.
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