Total U.S. commercial bankruptcy filings increased 32 percent in April 2016 over April of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,482 in April 2016, up from the April 2015 total of 2,641. April is the sixth consecutive month with a year-over-year increase in commercial filings. Total commercial chapter 11 filings also climbed in April 2016, as the 680 filings were 67 percent more than the 408 commercial chapter 11 filings registered in April 2015. However, total bankruptcy filings decreased 10 percent to 70,457 in April 2016, down from the April 2015 total of 77,949. Consumer filings were 66,975, dropping 11 percent from the April 2015 consumer filing total of 75,308.
