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March Total Bankruptcy Filings Increase 39 Percent from Previous Month; First Quarter Bankruptcies Down 40 Percent from 2020

Submitted by jhartgen@abi.org on

The total 43,425 bankruptcy filings for March represented a 39 percent increase over the 31,221 filings during the previous month of February, according to data provided by Epiq. Similarly, the 41,150 total noncommercial filings for March represented a 41 percent increase from the February 2021 noncommercial filing total of 29,256. The 2,275 total commercial filings in March represented a 16 percent increase from the 1,965 total commercial filings during the previous month. Commercial chapter 11 filings decreased 9 percent in March to 384 from the 420 commercial chapter 11 filings in February.