New bankruptcy filings in February registered double-digit year-over-year increases across all major U.S. filing categories, according to data provided by Epiq Bankruptcy, including an 83% increase in Chapter 11 filings.
Year-over-year U.S. bankruptcy filings increased 7% across all chapters for the second consecutive month in September, according to data released today from Epiq’s bankruptcy analytics platform.
According to Epiq, there were 309 new Chapter 11 Chapter 11 commercial filings, including Subchapter V filings, in December, a sharp increase of 56.1% compared with November, which had 198 Chapter 11 filings.
According to Epiq, there were 195 new Chapter 11 commercial filings, including Subchapter V, in November, down 29.1% compared with October, which had 275 new filings.
Epiq released its August 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. Overall, August was flat with 32,225 new filings across all chapters, down slightly from July 2021 with 32,391. Total commercial filings were up 1% over July 2021 with 1,724 new cases.
Epiq’s recent January 2021 bankruptcy filing statistics report revealed that January experienced the lowest monthly number of new bankruptcy filings across all chapters since February 2006.
According to Epiq, 2020 had the lowest number of bankruptcy filings in the U.S. since 1968, with a total of 529,068 filings across all chapters. However, Chapter 11 filings continued to grow year-over-year, rising 29% to 7,128 new filings in 2020 compared with 5,518 in 2019.
Commercial Chapter 11 filings increased 46% in November 2020 compared with November of last year, according to data provided by Epiq.
According to Epiq, continuing the trend from August, commercial Chapter 11 filings in September were up 78% compared with September 2019, with 747 new filings vs. 420 during September of last year.
Commercial Chapter 11 filings rose 17% in August 2020 compared with August 2019, according to Epiq, with 525 new filings in the month up from 449 in the same month last year.