There were 362 commercial chapter 11 filings registered in July 2023, an increase of 71 percent from the 212 filings registered in July 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Overall commercial filings increased 21 percent to 1,961 in July 2023, up from the 1,621 commercial filings registered in July 2022. Small business filings, captured as subchapter V elections within chapter 11, increased 61 percent to 153 in July 2023, up from 95 in July 2022. Total bankruptcy filings were 35,716 in July 2023, a 15 percent increase from the July 2022 total of 30,862. Individual bankruptcy filings totaled 33,755 in July 2023, registering a 16 percent increase from the July 2022 filing 29,241 total. There were 19,476 individual chapter 7 filings in July, a 17 percent increase versus 16,645 in July 2022 and there were 14,229 individual chapter 13 filings in July, a 13 percent increase over the 12,547 filings the previous year.
