There were 330 commercial chapter 11 filings registered in May 2022, an increase of 34 percent from the 246 filings in May 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings decreased 14 percent in May 2022, as the 1,738 filings were down from the 1,813 commercial filings registered in May 2021. Small business filings, captured as subchapter V elections within chapter 11, registered an increase of 21 percent to 123 in May 2022 from 102 in May 2021. Total bankruptcy filings were 31,314 in May 2022, a 10 percent decline from the May 2021 total of 34,783. Noncommercial bankruptcy filings totaled 29,576 in May 2022, also registering a 10 percent decrease from the May 2021 noncommercial total of 32,970.
