Total bankruptcy filings in the United States decreased 12 percent in October 2014 from October of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 78,957 in October 2014, down from the October 2013 total of 89,948. Consumer filings also declined 12 percent to 76,110 from the October 2013 consumer filing total of 86,360. Total commercial filings in October 2014 decreased to 2,847, representing a 21 percent decline from the 3,588 business filings recorded in October 2013. Total commercial chapter 11 filings dipped 27 percent to 384 filings in October 2014 from the 529 commercial chapter 11 filings registered in October 2013. Average total filings per day in October 2014 were 2,547, a 12 percent decrease from the 2,902 total daily filings in October 2013.
