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Total Bankruptcy Filings Down 14 Percent in Calendar Year 2012 Commercial Filings Down 22 Percent

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Total bankruptcy filings totaled 1,185,328 nationwide for calendar year 2012 (Jan. 1-Dec. 31), a 14 percent decrease from the 1,379,658 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 1,127,540 total noncommercial filings during calendar year 2012 represented a 14 percent drop from the noncommercial filing total of 1,305,243 during calendar year 2011. Total commercial filings during calendar year 2012 (Jan. 1-Dec. 31) were 57,788, a 22 percent drop from the 74,415 filings during the same period in 2011. Chapter 11 filings also fell in 2012, as the 7,760 filings represented a 10 percent decrease from the 8,658 chapter 11 filings in 2011.