Total bankruptcy filings in the United States decreased 11 percent in May 2014 over May of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 85,664 in May 2014, down from the May 2013 total of 96,495. Consumer filings declined 11 percent to 82,474 from the May 2013 consumer filing total of 92,440. Total commercial filings in May 2014 decreased to 3,190, representing a 21 percent decline from the 4,055 business filings recorded in May 2013. Total commercial chapter 11 filings dipped 21 percent to 429 filings in May 2014 from the 540 commercial chapter 11 filings registered in May 2013.
