Daily News: September 8, 2017

August Commercial Chapter 11 Filings Increased 29% Over July

Commercial Chapter 11 filings totaled 426 in August 2017, a 29% increase over July’s total of 331 filings, according to data provided by Epiq Systems, which has partnered with the American Bankruptcy Institute.

Overall business filings also increased as the 3,255 filings were 13% more than July’s total of 2,886 filings. Total U.S. filings registered 68,117 in August 2017, up 11% from the July 2017 total of 61,403.

Commercial Chapter 11 filings were up 16 % from last August’s 368 filings, and total commercial filings registered a minor increase of 0.1 % over the 3,251 filings in August 2016. Total U.S. bankruptcy filings registered a minor decrease in August 2017 compared to August 2016 as the 68,117 filings this year were 1 % less than last August’s 68,551.

ABI has partnered with Epiq Systems in order to provide the most current bankruptcy filing data for analysts, researchers and members of the news media. Epiq Systems is a provider of managed technology for the global legal profession.