Total commercial Chapter 11 filings in July 2020 increased 52% from the previous year, according to data provided by Epiq.
The ABI reported total commercial Chapter 11 filings during the first six months of 2020 increased 26% to 3,604 from the 2,855 total filings during the same period in 2019, according to data provided by Epiq.
Commercial Chapter 11 filings increased 25% in October 2019 over the previous month, according to data provided to the American Bankruptcy Institute by Epiq Systems.
ABI reported Commercial Chapter 11 filings totaled 414 in September, a 33% increase over September 2018’s total of 312 filings, according to data provided by Epiq Systems.
According to the American Bankruptcy Institute, total commercial filings dropped 32% to 391 in April from the April 2017 total of 575.
Epiq launched an application programming interface (API) gateway for AACER that allows lenders, servicers, investors, law firms and others to easily and efficiently identify debtors in bankruptcy. The new application replaces PACER.
The American Bankruptcy Institute announced the 316 total commercial Chapter 11 filings in October were down 22% from the October 2016 commercial Chapter 11 filing total of 405.
Epiq appointed two bankruptcy veterans, Eric Kerwood and Wesley Appell, as managing director and director, respectively, within its corporate restructuring services practice in New York.