Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home News

Total Bankruptcy Filings Up 3% Y/Y, 5% from June

bynadine
August 6, 2019
in News

Total U.S. bankruptcy filings increased 3% in July 2019 from July 2018, according to data from the American Bankruptcy Institute, provided by Epiq Systems.

Total filings registered 64,283 in July 2019, up from the July 2018 total of 62,241. The 61,025 consumer filings in July also represented a 3% increase from the previous year’s consumer total of 59,110. July 2019 business filings increased 4% to 3,258 from July 2018’s business total of 3,131. The 417 commercial Chapter 11 filings in July 2019 were a 1% increase over the 413 commercial chapter 11 filings last July.
_x000D_
“Amid increasing debt loads and growing global challenges, bankruptcy provides financial shelter for distressed consumers and businesses,” said ABI Executive Director Samuel J. Gerdano. “Congress recently passed legislation that will provide better access to the financial fresh start of bankruptcy for struggling small businesses, veterans and family farmers.”
_x000D_
The U.S. Senate on Aug. 1 passed the Small Business Reorganization Act of 2019 (H.R. 3311), Honoring American Veterans in Extreme Need Act of 2019 (H.R. 2938) and Family Farmer Relief Act of 2019 (H.R. 2336) by a voice vote. The three bills modernize the Bankruptcy Code to ensure that struggling veterans, Main Street businesses and family farmers have access to better tools for achieving a financial fresh start. ABI testified in support of the three bills, and the legislation will now proceed to President Trump for signature into law.
_x000D_
July’s total bankruptcy filings increased 5%in July from last month’s total of 61,079. Consumer filings also rose 5 percent in July from the 58,003 filings in June.

Commercial filings represented a 6% increase over last month’s total of 3,076. However, commercial Chapter 11 filings represented a 2% decrease from the June total of 425.
_x000D_
The average nationwide per capita bankruptcy-filing rate in July was 2.50 (total filings per 1,000 per population), a slight decrease from the filing rate of 2.51 during the first six months of 2019. Average total filings per day in July 2019 were 2,962, a 4 percent decrease from the 3,072 total daily filings in July 2018. States with the highest per capita filing rates (total filings per 1,000 population) in July 2019 were:
_x000D_
1. Alabama (5.61)
2. Tennessee (5.39)
3. Georgia (4.31)
4. Mississippi (4.25)
5. Nevada (3.79)

Previous Post

Crestmark Provides $41MM in Financing in H2/July

Next Post

Citizens Leads New Financing for Octo Acquisition of Connexta

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Horizon Technology Finance Provides $25MM Loan Facility to Stellar Cyber

April 17, 2026
Deal Announcements

eCapital Provides $15MM ABL Facility to California-Based Metal Wholesaler

April 17, 2026
Deal Announcements

TRUNO Completes Recapitalization and Closes New $40MM Credit Facility

April 17, 2026
News

SSG Advises Burgess BioPower in Sale of Debt to Keyframe & Chapter 11 Plan of Reorganization

April 17, 2026
News

Valley Bank Expands Commercial Banking Presence into Arizona with Dedicated Team

April 17, 2026
News

First Commonwealth Financial Appoints Gorney as EVP and Chief Information Officer

April 17, 2026
Next Post

Citizens Leads New Financing for Octo Acquisition of Connexta

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The Rise of Insurance-Linked Capital in Private Credit

April 13, 2026

Beyond the Zombie Buildup: Why Integration is the New Value Creation Currency

April 3, 2026

The PIK Divide: Separating Structural Flexibility from Shadow Distress in Private Credit

April 3, 2026

The Dividend Recap Surge: What Record Sponsor Payouts Reveal About the Exit Impasse

March 26, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years