November Commercial Chapter 11 Filings Up 12 Percent over Previous Year, Total Bankruptcy Filings Increase Slightly
Commercial chapter 11 filings increased 12 percent in November 2017 over November of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11s totaled 433 in November 2017, up from the 386 commercial chapter 11s in November 2016. Total bankruptcy filings registered a slight increase as the 60,287 reported filings in November 2017 were up 2 percent from the November 2016 total of 59,349. Consumer bankruptcies also increased slightly in November 2017, as the 57,302 reported filings were 2 percent more than the 56,394 consumer filings registered in November 2016. Commercial bankruptcy filings totaled 2,985 in November 2017, a 1 percent increase from the 2,955 commercial filings in November 2016.
