Annual Bankruptcy Filings Fall 29.7 Percent
| Year | Business | Non-Business |
|---|---|---|
| 2019 | 22,780 | 752,160 |
| 2018 | 22,232 | 751,186 |
| 2017 | 23,157 | 765,863 |
| 2016 | 24,114 | 770,846 |
How many bankruptcies have been filed this year?
New Bankruptcy Filings Plummet 38.1 Percent
| Year | Business | Total |
|---|---|---|
| 2020 | 23,114 | 764,282 |
| 2019 | 22,157 | 772,646 |
| 2018 | 23,106 | 779,828 |
| 2017 | 23,591 | 794,492 |
Who are the companies that filed for bankruptcy in 2019?
One of the most notable companies to bankruptcy in 2019 was utility company PG&E. Amid liability for the Northern California wildfires, PG&E filed bankruptcy on Jan. 29. The company was able to secure $5.5 billion in debtor-in-possession (DIP) financing.
When did MC Hammer file for a bankruptcy?
By 1996, and $13 million in debt, he filed for Chapter 11 bankruptcy. But MC Hammer’s money troubles continued to follow him even after bankruptcy. In 2011, the IRS filed a lawsuit for nearly $800,000 in back taxes.
When did Shopko file for Chapter 11 bankruptcy?
The company is awaiting approval by a bankruptcy judge in the U.S. Bankruptcy Court for the Northern District of California. Shopko announced that it filed for Chapter 11 bankruptcy on Jan. 16. The company will close 38 store locations and relocate 20 optical stores through the reorganization as it looks to continue operations.
What happens to famous people who file bankruptcy?
A good friend once told me sometimes you have to take a step back to go forward. That’s exactly what some famous, successful people did when they filed for bankruptcy. And most made it back to solvency. Some even went well beyond their previous levels of wealth and fame after filing for bankruptcy.