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Bankruptcy Filings Continue to Decline

Bankruptcy Filings Continue to Decline

By In Bankruptcy On July 3, 2018


Bankruptcy filings fell by 1.8 percent for the 12-month period ending March 31, 2018, compared with the year ending March 31, 2017. The data continues a national trend of declining bankruptcy filings since 2011. The March 2018 annual bankruptcy filings totaled 779,828, compared with 794,492 cases in the previous year, according to statistics released by the Administrative Office of the U.S. Courts. A national wave of bankruptcies that began in 2008 reached a peak in the year ending September 2010, when nearly 1.6 million bankruptcies were filed. Additional statistics released today include:
  • Business and non-business bankruptcy filings for the 12-month period ending March 31, 2018 (Table F-2, 12-month);
  • A comparison of 12-month data from March 2017 and March 2018 (Table F);
  • First quarter filings, (Table F-2, 3-month); and filings by month (Table F-2, January, February, March)
  • Bankruptcy filings by county (Report F-5A).
Business and Non-Business Filings, Years Ending March 31, 2014-2018
Year Business Non-Business Total
2018 23,106 756,722 779,828
2017 23,591 770,901 794,492
2016 24,797 808,718 833,515
2015 26,130 884,956 911,086
2014 31,671 1,006,609 1,038,280
TOTAL BANKRUPTCY FILINGS BY CHAPTER, YEARS ENDING MARCH 31, 2014-2018
Year Chapter
7 11 12 13
2018 480,933 7,735 499 290,566
2017 488,417 7,105 457 298,348
2016 523,394 7,380 440 302,193
2015 596,867 7,053 354 306,729
2014 699,982 8,564 388 329,256
For more on bankruptcy and bankruptcy court rules, or search historical data on bankruptcy filings.
Related Topics: Bankruptcy Filings   [SOURCE]