Commercial chapter 11 filings increased 74 percent to 345 in November 2022 from the 198 filings recorded in November 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. The November 2022 commercial chapter 11 filing total was lifted by the more than 100 cases related to the chapter 11 filing on November 11 by crypto exchange FTX Trading, Ltd. Total commercial filings increased 17 percent to 1,848 in November over 1,586 total filings in November 2021. Subchapter V small business filings increased 38 percent to 117 in November 2022 from 85 filings in November 2021. Total U.S. bankruptcy filings in November 2022 were 31,178, up six percent from 29,335 total filings in November 2021. Overall individual filings also increased six percent in November 2022, as 29,330 filings were up over 27,749 individual filings recorded in November 2021. While still below pre-pandemic levels, individual chapter 13 filings continued to increase in November, as 12,862 filings were up 25 percent over the November 2021 total of 10,327.
