Skip to main content
banner

Total May Bankruptcy Filings Increase 5 Percent over Last Year, Commercial Chapter 11s Fall 8 Percent

Total May Bankruptcy Filings Increase 5 Percent over Last Year, Commercial Chapter 11s Fall 8 Percent

Submitted by jhartgen@abi.org on

Total U.S. bankruptcy filings increased 5 percent in May 2017 over May of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 69,668 in May 2017, up from the May 2016 total of 66,138. The 66,096 consumer bankruptcy filings in May 2017 were also up 5 percent over the May 2016 consumer total of 62,726. Total commercial filings also climbed 5 percent in May 2017, as the 3,572 filings increased slightly over the 3,412 commercial filings registered in May 2016. However, total commercial chapter 11 filings decreased 8 percent to 563 in May 2017, down from the May 2016 total of 613.