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Total Bankruptcy Filings Down 14 Percent Through Three Quarters of 2012 Commercial Filings Down 22 Percent

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Total bankruptcy filings totaled 921,219 nationwide during the first nine months of 2012 (Jan. 1-September 30), a 14 percent decrease from the 1,073,021 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 876,469 total noncommercial filings through three quarters of 2012 represented a 14 percent drop from the noncommercial filing total of 1,015,408 through the first three quarters of 2011. Total commercial filings during the first nine months of the year were 44,750, representing a 22 percent decrease from the 57,613 filings during the same period in 2011. Chapter 11 filings also fell during the first nine months of 2012 as the 5,889 filings represented an 11 percent decrease from the 6,627 chapter 11 filings during the first nine months of 2011. For the full statistical press release, please click here:
http://news.abi.org/press-releases/total-bankruptcy-filings-down-14-per…