Source(s)

Bankruptcy Statistics: Calendar Year by Chapter [Internet]. US Courts. [accessed July 17, 2009]. Available from: http://www.uscourts.gov/bnkrpctystats/statistics.htm#calendar

Calculation(s) by Book of Odds Based On

Bankruptcy Statistics: Calendar Year by Chapter [Internet]. US Courts. [accessed July 17, 2009]. Available from: http://www.uscourts.gov/bnkrpctystats/statistics.htm#calendar

Definitions

Bankruptcy categorized by the U.S. courts as a non-business bankruptcy; the debtor in a non-business bankruptcy is generally either an individual or a family farm; data from the U.S. Administrative Office of the Courts subdivides bankruptcies into business and non-business.

The chapter of the Bankruptcy Code providing (generally) for reorganization, usually involving a corporation or partnership. (A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.)

Report an Error

Spotted an error in this Odds Statement?

Click here to report it

Cite this Odds Statement

To properly cite Book of Odds please copy and paste the following into any document utilizing this Odds Statement:

Odds Statement provided by Book of Odds Inc., http://www.bookofodds.com/content/view/full/561538 (Accessed: )

Rounding Rules

Odds more likely than 1 in 10, such as 1 in 3.42, are rounded to three significant digits. Odds less likely than 1 in 10, such as 1 in 420.4, are rounded to four significant digits. Trailing zeros after the decimal point are dropped for readability, even though they may still be significant.

Odds you'll see: 1 in 4.26; 14.5; 143; 5,230; 433,200

Odds you won't see: 1 in 2.412; 63.042; 425,242c