Though high-profile business bankruptcies such as Borders and Blockbuster dominate the news, over 90 percent of bankruptcy filings each year are by individuals.

Name: Though high-profile business bankruptcies such as Borders and Blockbuster dominate the news, over 90 percent of bankruptcy filings each year are by individuals.
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According to the American Bankruptcy Institute, over 90 percent of bankruptcy filings in 2019 were by individuals, while only about 10 percent were by businesses.

Though High-Profile Business Bankruptcies Such as Borders and Blockbuster Dominate