Total bankruptcy filings in the U.S. decreased 12% in October 2014 from October of last year, according to data provided by Epiq Systems. Bankruptcy filings
totaled 78,957 in October 2014, down from the October 2013 total of 89,948.

Total commercial filings in October 2014 decreased to 2,847, representing a 21% decline from the 3,588 business filings recorded in October 2013. Total
commercial Chapter 11 filings dipped 27% to 384 filings in October 2014 from the 529 commercial Chapter 11 filings registered in October 2013. Average total
filings per day in October 2014 were 2,547, a 12 percent decrease from the 2,902 total daily filings in October 2013.

“Total bankruptcy filings, credit card delinquencies and foreclosures continue to decline as consumers and businesses shore up their balance sheets,” said
ABI Executive Director Samuel J. Gerdano. “Low interest rates and high filing costs will drive total bankruptcies for the year below 1 million for the first
time since 2007.”

Total filings for October increased 8% compared to the 73,317 total filings in September 2014. Total noncommercial filings for October also represented an
8% increase from the September 2014 noncommercial filing total of 70,688. October’s commercial filing total represented an 8% increase from the September
2014 commercial filing total of 2,629. October commercial Chapter 11 filings were up 3% from the 375 filings recorded in September 2014. With an additional
day to file, average filings per day in October increased 4% over the September rate of 2,444.

The average nationwide per capita bankruptcy filing rate in October was 3.03 (total filings per 1,000 population), remaining unchanged from the first nine
months of the year. States with the highest per capita filing rates (total filings per 1,000 population) in October 2014 were

1. Tennessee (6.32)
2. Alabama (5.40)
3. Georgia (5.36)
4. Utah (5.02)
5. Illinois (4.82)