July Bankruptcy Filings Fall 10 Percent from 2012 Increase 5 Percent from Last Month

Total bankruptcy filings in the United States for July 2013 decreased 10 percent compared to the previous year, according to data provided by Epiq Systems, Inc. July bankruptcy filings totaled 87,684, down from the 97,287 filings registered in July 2012. Total commercial filings for July 2013 were 3,581, representing a 23 percent decrease from the 4,681 filings during the same period in 2012. Commercial chapter 11 filings totaled 536 in July, a 24 percent decrease from the 702 filed in July 2012. The 84,103 total noncommercial filings for July represented a 9 percent drop from the July 2012 noncommercial filing total of 92,606. The July bankruptcy filings did show slight increases from June as total filings were up 5 percent from the previous month’s total of 83,603. Noncommercial filings also increased 5 percent in July from the June total of 80,135, and commercial filings increased 3 percent from the June total of 3,468. Commercial chapter 11 filings registered the biggest jump as the July filings increased 8 percent over the 497 filings in June. To read the full statistical release, please click here:
http://news.abi.org/press-releases/july-bankruptcy-filings-fall-10-perc…