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August Business Filings Increase 28 Percent from Previous Year, Total Filings Up 1 Percent

Submitted by jhartgen@abi.org on

Total U.S. commercial bankruptcy filings increased 28 percent in August 2016 over August of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,199 in August 2016, up from the August 2015 total of 2,491. August is the tenth consecutive month with a year-over-year increase in commercial filings. However, total commercial chapter 11 filings decreased in August 2016, as the 362 filings were 32 percent less than the 534 commercial chapter 11 filings registered in August 2015. Total bankruptcy filings increased 1 percent to 68,495 in August 2016, slightly up from the August 2015 total of 67,777. Consumer filings were 65,296, also slightly up from the August 2015 consumer filing total of 65,286.