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November Commercial Chapter 11 Filings Up 12 Percent over Previous Year, Total Bankruptcy Filings Increase Slightly

Submitted by jhartgen@abi.org on

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.

Bankruptcy Filings up 15 Percent in Toledo Area

Submitted by jhartgen@abi.org on

Case filings in U.S. Bankruptcy Court in Toledo, Ohio, rose 15 percent in November, the sixth time this year that monthly totals have exceeded the same period a year ago, according to figures released Friday by the Clerk of Courts office, the Toledo Blade reported. Last year, bankruptcy filings increased just four times — and only once by double-digits. The 15 percent increase last month was the fourth time this year bankruptcies have increased by 10 percent or more. November filings totaled 312 cases, up from with 266 cases filed a year earlier in the 21 northwest Ohio counties covered by the court. Of those filed, 282 were chapter 7 liquidation cases, an increase of 15 percent, while 29 were chapter 13 repayment cases, an increase of 14 percent.