October 2021 New Bankruptcy Filings Increase 1.8%

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New Chapter 13 individual filings up for fifth straight month

NEW YORK – November 2, 2021 – Epiq, a global leader in legal services, released its October 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. October new filings for all chapters increased 1.8% to 31,471, up from 30,920 in September 2021. Total individual Chapter 13 filings were up 8.6% over September, with 10,764 new filings compared to 9,909 filings in September 2021. Total individual Chapter 7 filings were down 1.9% over September, with 18,874 new filings compared to 19,942 in the prior month.

“Although October had one less business day than September, October 2021 filings were up 1.8% month-over-month. However, new filings remain significantly lower than the comparable pre-COVID number of 67,878 for all chapter new filings in October 2019,” said Chris Kruse, senior vice president of Epiq AACER.

Chapter 13 individual filings increased for the fifth consecutive month, growing 33% since May 2021 when 8,079 new cases were filed. However, these filing rates remain 55% below the comparable 23,688 pre-COVID new filings in October 2019.

New individual Chapter 13

The five states leading the October individual Chapter 13 new filings include Georgia, Alabama, Florida, Tennessee, and Illinois.

Top 5 States

Total Commercial Chapter 11 filings in October increased by 21.1% with a total of 293, compared to 242 new filings in September 2021. As a subset of the total new Chapter 11 commercial filings, Chapter 11 Subchapter V filings were up 16.7% with 84 new filings, compared to 72 new filings in September 2021.

About Epiq AACER
Epiq AACER is your partner for bankruptcy information and compliance. Our AACER bankruptcy information services platform is built with superior data, technology, and expertise to create insight and mitigate risk for businesses impacted by bankruptcies. We offer free bankruptcy statistics and monthly email updates for both commercial and non-commercial consumer bankruptcy filings for Chapter 7, Chapter 11, and Chapter 13 cases. You may register for these free resources on our Bankruptcy Statistics and Trends page.

About Epiq
Epiq, a global technology-enabled services leader to the legal services industry and corporations, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at https://www.epiqglobal.com.

Press Contact
Rebekah Paul
Epiq
+1 310 279 3482
rebekah.paul@epiqglobal.com

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