The 2,973 total commercial chapter 11 bankruptcies filed during the first six months of 2023 represented a 68 percent increase over the 1,766 filed during the same period in 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Individual chapter 13 filings increased by 23 percent during the same period. Overall commercial filings registered 12,107 for the first half of 2023, representing an 18 percent increase from the commercial filing total of 10,258 for the first half of 2022. Small business filings, captured as subchapter V elections within chapter 11, totaled 814 in the first six months of 2023, a 55 percent increase from the 525 elections during the same period in 2022.
Year-over-year bankruptcy filings have shown solid increases across most chapters through the first six months of 2023. What trends have emerged this year in consumer and business filings? How do filings compare among different stakeholders and regions of the U.S., and will the trends continue for the second half of 2023? Join ABI and statistical partner Epiq Bankruptcy Analytics for a special abiLIVE webinar on July 12 during which experts will discuss first-half filings, and in what direction bankruptcies may be headed. Click here for complimentary registration.
