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Bankruptcy Filings Decline

DS-News-Sponsored-Post-300x47Bankruptcy filings took another fall for another straight month in April 2017, falling by about 1.2 percent from the previous April, according to April 2017 AACER bankruptcy data reported by Epiq Systems this week.

The 67,670 bankruptcy filings nationwide reported for April 2017 represented a decline of 2,824 from the previous December’s total of 70,494. The number of filings has dropped year-over-year every April since 2011.

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April’s total of nearly 68,000 filings represented a decline of about 48 percent from April 2011’s peak total of 129,903. In 20 filing days in April 2017, bankruptcy filings averaged 165 per day—the lowest daily average recorded for any one month in 2015, beating the previous low of 2,955 in January.

California topped all states for total bankruptcy filings as of April with 23,280 YTD. Illinois was second with 17,776 filings, and Georgia was third with 15,513. Georgia (49,334) and Ohio (36,959) were fourth and fifth, respectively for the most cumulative filings in 2015. The state with the fewest cumulative filings was Alaska with 163.

Epiq Systems is a leading global provider of technology-enabled solutions for electronic discovery, bankruptcy and class action administration. Top legal professionals depend on us for deep subject-matter expertise and years of firsthand experience working on many of the largest, most high-profile and complex client engagements. Epiq Systems, Inc. has locations in the United States, Europe and Asia.

 

 

About Author: Seth Welborn

Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer.
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