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First Quarter Bankruptcy Filings Down Slightly from 2016, March Filings Up

Submitted by jhartgen@abi.org on

Total U.S. bankruptcy filings fell slightly in the first calendar quarter (Jan. 1 - March 31) of 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 195,199 in the first quarter of 2017, down just 0.23 percent from the 195,647 filings registered in the first calendar quarter of 2016. The 185,868 total noncommercial filings recorded in the first calendar quarter of 2017 represented a 0.27 percent decrease from the 2016 total of 186,376. Total commercial filings for the first three months of 2017 were 9,331, representing a 1 percent increase from the 9,271 filings during the same period in 2016. Total commercial chapter 11 filings represented the largest change, as the 1,270 during the first three months of 2017 represented an 11 percent drop from the 1,428 filings reported last year.