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U.S. commercial bankruptcy filings during the first nine months of the year increased 28 percent to 28,789 over the 22,444 filings during the same period in 2015, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings rose slightly during the first nine months of 2016 as the 4,311 filings represented a 5 percent increase from the 4,091 chapter 11 filings during the first nine months of 2015. However, total bankruptcy filings fell 6 percent during the first nine months of 2016 (Jan. 1-Sept. 30) from the same period a year ago as the 593,034 filings decreased from 629,754 in 2015. The 564,245 total noncommercial filings through the first three quarters of 2016 also represented a 7 percent drop from the noncommercial filing total of 607,310 through the first three quarters of 2015. Read more. 

Bankruptcy judges at tomorrow’s Views from the Bench program will be discussing business bankruptcy trends and the ABI Chapter 11 Reform Commission’s recommendations on a panel titled, "What’s Wrong with Chapter 11?" Click here to register.