July Commercial Bankruptcy Filings Increase 10%

Total U.S. commercial bankruptcy filings increased 10 percent in July 2016 over July of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,922 in July 2016, up from the July 2015 total of 2,661. July is the ninth consecutive month with a year-over-year increase in commercial filings. However, total commercial chapter 11 filings decreased in July 2016, as the 355 filings were 45 percent less than the 645 commercial chapter 11 filings registered in July 2015. Total bankruptcy filings also declined 15 percent to 61,308 in July 2016, down from the July 2015 total of 71,875. Consumer filings were 58,386, dropping 16 percent from the July 2015 consumer filing total of 69,214.

Categories: Uncategorized