Commercial Bankruptcy Filings Increased in July
Saturday, August 10, 2019
July 2019 business bankruptcy filings increased 4 percent to 3,258 from July 2018’s business total of 3,131, according to data provided by American Bankruptcy Institute and Epiq Systems. The 417 commercial chapter 11 filings in July 2019 were a 1 percent increase over the 413 commercial chapter 11 filings last July.
Commercial filings represented a 6 percent increase over last month’s total of 3,076. However, commercial chapter 11 filings represented a 2 percent decrease from the June total of 425.
Total U.S. bankruptcy filings increased 3 percent in July 2019 from July 2018. Total filings registered 64,283 in July 2019, up from the July 2018 total of 62,241. The 61,025 consumer filings in July also represented a 3 percent increase from the previous year’s consumer total of 59,110.
July’s total bankruptcy filings increased 5 percent in July from last month’s total of 61,079. Consumer filings also rose 5 percent in July from the 58,003 filings in June.
The average nationwide per capita bankruptcy-filing rate in July was 2.50 (total filings per 1,000 per population), a slight decrease from the filing rate of 2.51 during the first six months of 2019. Average total filings per day in July 2019 were 2,962, a 4 percent decrease from the 3,072 total daily filings in July 2018.