No. 879. Bankruptcy Petitions Filed and Pending, by Type and Chapter
 
[For years ending June 30. Covers only bankruptcy cases filed under
the Bankruptcy Reform Act of 1978. Bankruptcy: legal recognition that a
company or individual is insolvent and must restructure or liquidate.
Petitions "filed" means the commencement of a proceeding through the
presentation of a petition to the clerk of the court; "pending" is a
proceeding in which the administration has not been completed]
 
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           Item              1990       1995       1996       1997       1998       1999
 
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     Total, filed            725,484    858,104  1,042,110  1,316,999  1,429,451  1,391,964
 
Business \1                   64,688     51,288     52,938     53,993     50,202     39,934
Nonbusiness \2               660,796    806,816    989,172  1,263,006  1,379,249  1,352,030
 
Voluntary                    723,886    856,991  1,040,915  1,315,782  1,428,550  1,391,130
Involuntary                    1,598      1,113      1,195      1,217        901        834
 
Chapter 7 \3                 505,337    581,390    712,129    917,274  1,015,453    993,414
Chapter 9 \4                       7         12         10          9          5          3
Chapter 11 \5                 19,591     13,221     12,859     11,159      9,613      8,684
Chapter 12 \6                  1,351        904      1,063      1,006        845        829
Chapter 13 \7                199,186    262,551    316,024    387,521    403,501    389,004
Section 304 \8                    12         26         24         29         34         30
 
     Total, pending          961,919  1,090,446  1,169,112  1,331,290  1,389,917  1,401,862
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X Not applicable.
\1 Business bankruptcies include those filed under chapters 7, 9, 11,
or 12.
\2 Bankruptcies include those filed under chapters 7, 11, or 13.
\3 Chapter 7, liquidation of non-exempt assets of businesses or
individuals.
\4 Chapter 9, adjustment of debts of a municipality.
\5 Chapter 11, individual or business reorganization.
\6 Chapter 12, adjustment of debts of a family farmer with regular
income, effective November 26, 1986.
\7 Chapter 13, adjustment of debts of an individual with regular income.
\8 Chapter 11 U.S.C., Section 304, cases ancillary to foreign
proceedings.
 
Source: Administrative Office of the U.S. Courts,
Statistical Tables for the Federal Judiciary.
 
http://www.uscourts.gov/publications.html