Bankruptcy Filings Decline By 2.2 Percent (10.31.18)

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Bankruptcy Filings Decline By 2.2 Percent
(10.31.18)
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(No Transcript)
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• According to a report published on the US Court
  Government website on October 31, 2018,
  bankruptcy filings fell by 2.2 percent for the
  12-month period ending September 30, 2018,
  compared with the year ending September 30, 2017.

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• The September 2018 annual bankruptcy filings
  totaled 773,375, compared with 790,830 cases in
  the previous year, according to statistics
  released by the Administrative Office of the U.S.
  Courts.

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• The number of bankruptcy cases filed was the
  lowest for any 12-month period since the year
  ending June 2007. 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.

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• Total Bankruptcy Filings By Chapter
• Year
  Chapter
• 7 11 12
  13
• 2018 477,248 7,014 468
  288,550
• 2017 486,542 7,052 508
  296,599
• 2016 498,367 7,450 458
  299,150
• 2015 550,036 7,040 383
  302,642
• 2014 642,366 7,658 372
  313,262

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• Bankruptcy filings continued to decline and as of
  2021 have hit a 36 year low. Not since 1985 have
  Chapter 7 and Chapter 13 filings been this low.
  The tsunami of bankruptcy rule did not
  materialize as the government propped enough
  people up through various funding and legislative
  policies.