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1 1 (March 27, 2025)

handle is hein.crs/usbrucycts0001 and id is 1 raw text is: Congressional *.Research Service United States Bankruptcy Courts: Overview and Analysis of Bankruptcy Filings in 2024 March 27, 2025 This Insight provides information and statistics related to bankruptcy filings in the United States bankruptcy courts for the 12-month period ending December 31, 2024 (this is the most recent reporting period for which data are available). This Insight does not provide legal analysis related to bankruptcy. Number of Filings For the 12-month period ending December 31, 2024, the overall number of bankruptcy filings increased by 14.2% compared to the year ending December 31, 2023-increasing from 452,990 to 517,308. The number of filings, however, remained below the number of filings for comparable periods from the pre- COVID-19 era. Business Filings Figure 1 shows the number of business and nonbusiness bankruptcy filings for each 12-month period ending December 31 from 2001 to 2024. As shown by the figure, for the 12-month periods ending on December 31 from 2001 to 2024, business bankruptcy filings peaked in 2009 (60,837 filings). Most recently, for the 12-month period ending December 31, 2024, business bankruptcy filings increased from 18,926 to 23,107 (a 22.1% increase), representing the greatest number of business bankruptcy filings since the year ending on December 31, 2017 (23,157 filings). By one measure, there were 694 corporate bankruptcies, a subset of business filings, representing the greatest number of such bankruptcies since 2010 (when there were 828). The average and median numbers of business bankruptcy filings by district court for the year ending December 31, 2024, were 251 and 113, respectively. The five district courts with the greatest number of business bankruptcy filings during this period were the courts for the Central District of California (1,633 filings), District of Delaware (1,586), Southern District of Texas (1,252), Middle District of Florida (1,179), and Eastern District of New York (1,046). Congressional Research Service https://crsreports.congress.gov IN12536 CRS INSIGHT Prepared for Members and Committees of Congress

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