News: General News

Commercial Bankruptcy Filings Declined in January

Monday, February 11, 2019  
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The January 2019 commercial bankruptcy filing total of 2,907 represented a 1 percent decrease from the December 2018 commercial filing total of 2,932, according to data provided by Epiq Systems and American Bankruptcy Institute. January’s 365 commercial chapter 11 filings fell 20 percent from the 455 commercial chapter 11s recorded in December.

Total U.S. bankruptcy filings increased 11 percent in January 2019 from December 2018. Bankruptcy filings totaled 57,618 in January 2019, up from the 52,037 total filings registered in December 2018. Consumer filings also increased 11 percent in January 2019 to 54,711 from the December 2018 noncommercial filing total of 49,105. 

Total bankruptcy filings in January 2019 increased 5 percent from January 2018’s total of 54,650 filings. Consumer filings increased 6 percent in January 2019 to 54,711 from the January 2018 consumer filing total of 51,758. Total commercial filings increased slightly in January 2019 to 2,907, representing a 1 percent increase from the 2,892 business filings recorded in January 2018. The 365 total commercial chapter 11 filings in January 2019 represented a slight decrease from January 2018’s total of 366.

The average nationwide per capita bankruptcy-filing rate in January 2019 was 2.23 (total filings per 1,000 per population), a decrease from December 2018’s rate of 2.43. Average total filings per day in January 2019 were 2,744, a 6 percent increase from the 2,602 total daily filings recorded in January 2018.