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April Bankruptcy Filings Decrease 8 Percent from Previous Year Chapter 11 Filings Increase

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Total bankruptcy filings in the United States decreased 8 percent in April over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 100,702 in April 2013, down from the April 2012 total of 108,996. Consumer filings declined 7 percent to 96,344 from the April 2012 consumer filing total of 103,798. Total commercial filings in April 2013 decreased to 4,358, representing a 16 percent decline from the 5,198 business filings recorded in April 2012. Conversely, total commercial chapter 11 filings increased 5 percent to 701 filings in April from the 666 commercial chapter 11 filings registered in April 2012.