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Bankruptcy Filings Fall 12 Percent for the First Half of 2014 Commercial Filings Drop 22 Percent

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Total bankruptcy filings totaled 479,362 nationwide during the first six months of 2014 (Jan. 1-June 30), a 12 percent decrease from the 544,561 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 460,870 total noncommercial filings for the first half of 2014 represented a 12 percent drop from the noncommercial filing total of 520,992 for the first half of 2013. Total commercial filings during the first six months of the year were 18,492, representing a 22 percent decrease from the 23,569 filings during the same period in 2013. Commercial chapter 11 filings also fell during the first half of 2014 as the 3,009 filings represented a 13 percent decrease from the 3,454 commercial chapter 11 filings during the first six months of 2013.