How Common is Chapter 7 Bankruptcy?

Submitted by Anonymous (not verified) on Fri, 07/16/2021 - 19:21
Description: 

Also known as “liquidation,” Chapter 7 bankruptcies are the most common chapter of bankruptcy filed in the United States. On average, approximately 62% of all personal bankruptcy filings are Chapter 7 cases. Chapter 13 cases account for roughly 37% of personal bankruptcy filings. Less than 1% of the remaining cases filed are individual Chapter 11 […]
The post How Common is Chapter 7 Bankruptcy? appeared first on The Bankruptcy Group, P.C..