Terrestrial impact craters have been identified from the Earth’s surface and subsurface. Currently, the most significant subsurface example is the Chicxulub Crater on the Yucatan Peninsula in Mexico. Many uniformitarians propose this impact crater as initiating events which culminated in the demise of the dinosaurs at the Cretaceous-Tertiary boundary. We propose, instead, that most Earth cratering events occurred during the Flood Event Timeframe as a result of impacts with extraterrestrial objects. Impact collisions reached a maximum during the Flood, exponentially decreasing thereafter. We also propose that the collision objects may have originated from the disintegration of a planet in the region of the asteroid belt.