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October Individual Chapter 13 Bankruptcies Increase 27 Percent Over Last Year

Submitted by jhartgen@abi.org on

Individual chapter 13 filings increased 27 percent to 13,627 in October 2022 from 10,767 filings in October 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Total bankruptcy filings in the United States increased four percent to 32,695 in October 2022 over the 31,493 total filings in October 2021. Overall individual filings increased four percent in October 2022, as the 30,809 filings were up over the 29,695 individual filings registered in October 2021. The 1,886 total commercial filings in October 2022 represented a five percent increase from 1,798 commercial filings in October 2021. Commercial chapter 11s increased two percent in October 2022, to 304 filings from 297 filings the previous year. Small business filings, captured as subchapter V elections within chapter 11, increased 28 percent to 131 in October 2022 from 102 in October 2021.