Total U.S. commercial bankruptcy filings increased 21 percent in October 2016 over October of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,023 in October 2016, up from the October 2015 total of 2,491. October is the twelfth consecutive month with a year-over-year increase in commercial filings. However, total commercial chapter 11 filings decreased in October 2016, as the 401 filings were 7 percent less than the 431 commercial chapter 11 filings registered in October 2015. The total bankruptcy filings of 63,042 in October 2016 represented a 10 percent decrease from the October 2015 total of 70,254. Consumer filings also decreased as the 60,019 filings in October 2016 were down 11 percent from the October 2015 consumer filing total of 67,763. Click here to read the full statistical press release.
