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Bankruptcy Filings Fall 14 Percent for the First Half of 2013 Commercial Filings Drop 25 Percent

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Total bankruptcy filings totaled 544,390 nationwide during the first six months of 2013 (Jan. 1-June 30), a 14 percent decrease from the 632,541 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 520,919 total noncommercial filings for the first half of 2013 represented a 13 percent drop from the noncommercial filing total of 601,453 for the first half of 2012. Total commercial filings during the first six months of the year were 23,471, representing a 25 percent decrease from the 31,088 filings during the same period in 2012. Commercial chapter 11 filings also fell during the first half of 2013 as the 3,445 filings represented a 16 percent decrease from the 4,120 commercial chapter 11 filings during the first six months of 2012. To read the full statistical release, please click here: http://news.abi.org/press-releases/bankruptcy-filings-fall-14-percent-f…