Overall commercial bankruptcy filings increased 8% in August 2024 to 2,562 from 2,358 in August 2023, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data.
The 987 total commercial chapter 11 bankruptcies filed during the first six months of 2024 represented a 70% increase over the 582 filed during the same period in 2023, according to Epiq AACER, a provider of U.S. bankruptcy filing data.
Small business filings, captured as subchapter V elections within chapter 11, registered a 53% increase to 228 in May 2024 from 149 in May 2023, according to data provided by Epiq AACER. Commercial chapter 11 filings, as well as overall commercial filings, increased 11%.
Small business filings increased 60% year over year to 233 in April 2024, according to data provided by Epiq AACER. Commercial chapter 11 filings increased 40% year over year in April 2024 to 542. Overall commercial filings increased 39% year over year in April 2024 to 2,569.
New bankruptcy filings during Q1/24 registered year-over-year increases across all major filing categories in the U.S., according to Epiq Bankruptcy, with total commercial Chapter 11 filings registering the largest increase, rising 43% year over year.
Commercial Chapter 11 bankruptcy filings climbed 118% year over year in February 2024, with the 822 filings during the month comparing to the 377 filings in February 2023, according to Epiq Bankruptcy.
Chapter 11 bankruptcy filings increased 22% year over year in January, while small business filings, captured as Subchapter V elections within Chapter 11, increased 43%, according to Epiq Bankruptcy.
Commercial Chapter 11 bankruptcy filings increased 72% to 6,569 in 2023 from the previous year’s total of 3,819, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data.
The bankruptcy filing by WeWork in November propelled November commercial Chapter 11 filings to 842, an increase of 141% compared with the 349 filings registered in November 2022, according to data provided by Epiq Bankruptcy.
There were 631 commercial Chapter 11 bankruptcy filings registered in the U.S. in October, an increase of 106% from the 306 filings registered in October 2022, according to data provided by Epiq Bankruptcy.