Bankruptcy Filings Down, Commercial Chapter 11 Filings Decrease
Total bankruptcy filings for the month of March 2019 decreased 3 percent from this time last year, according to data provided by Epiq Systems.
Total bankruptcy filings for the month of March 2019 decreased 3 percent from this time last year, according to data provided by Epiq Systems.
According to the American Bankruptcy Institute from data provided by Epiq Systems, commercial Chapter 11 filings declined slightly in January, with 365 total commercial Chapter 11 filings down from January 2018’s total of 366.
Total bankruptcy filings during calendar year 2018 decreased 2% from 2017, according to the American Bankruptcy Institute from data provided by Epiq Systems.
According to data provided by Epiq Systems, commercial chapter 11 filings increased 50% in November 2018 over November of last year, though total bankruptcy filings experienced a 2% decrease year over year.
Commercial chapter 11 filings increased 75% in October 2018 over October of last year, according to data provided by Epiq Systems on behalf of the American Bankruptcy Institute.
Total U.S. commercial bankruptcy filings decreased 23% in May 2018 compared to May of last year, according to data provided by Epiq Systems to the American Bankruptcy Institute.
The American Bankruptcy Institute reported that there were 425 total commercial Chapter 11 filings in February 2018, representing an increase of 4% from February 2017’s total of 407.
Although a parade of Chapter 11 filings by major retailers grabbed the headlines in 2017, Samuel Gerdano and Ed Flynn of the American Bankruptcy Institute point out that, overall, large company filings were down compared to the previous two years. They predict 2018 will offer more of the same.
The American Bankruptcy Institute reported December Chapter 11 filings were 699, up 107% from the previous year. Calendar year 2017 Chapter 11 filings were 5,744, a 6% increase from 5,447 filings in 2016.
ABI Executive Director Samuel J. Gerdano will receive the 2018 M&A Advisor Lifetime Achievement Award at the 12th Annual Turnaround Awards Gala on March 21, 2018.