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October Chapter 11 Bankruptcy Filing Increase 2% Y/Y, Decrease 32% M/M

  • General

ABF Journal

According to data provided by Epiq Bankruptcy, total bankruptcy filings in the United States increased 4% to 32,695 in October over the 31,493 total filings in October 2021. Overall individual filings increased 4% in October, as the 30,809 filings were up over the 29,695 individual filings registered in October 2021. The 1,886 total commercial filings in October represented a 5% increase from the 1,798 commercial filings in October 2021, reported ABF Journal.

“While comparing month-over-month or year-over-year filings is one way to determine what’s trending in the bankruptcy market, the delta between new filings and closed cases is another valuable capacity metric,” Gregg Morin, vice president of business development and revenue at Epiq Bankruptcy, said.

Read the full article here.

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Carrie Trent