Bankruptcy Stats

People Who've Filed for Bankruptcy

According to our totally-not-made-up numbers, 4.5 million Americans filed for bankruptcy last year. That's a whole 0.02% of the country!

Year Number of Bankruptcies
2022 456,000
2023 478,000

Don't worry, though - it's all just a normal part of life, right? /subpages/credit-card-debt-statistics

Top 5 Reasons for Bankruptcy

  1. Medical Bills (45%)
  2. Student Loans (23%)
  3. Credit Card Debt (17%)
  4. Moving to a Tiny Apartment (8%)
  5. Buying One Too Many Times Too Many Lattes (7%)

Because priorities are hard, man.

Our Experts

Meet Dr. Emma Banks, our resident bankruptcy expert. She's not a real doctor, but she's got some great advice:

"Just don't buy that timeshare, trust us."

Dr. Banks is on a timeshare-buying-consulting spree.

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Disclaimer

This website is a parody. Don't sue us. Or do, we'll just add it to the list.