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In the same number of filing days (22), bankruptcy filings in July 2015 experienced nearly a 3 percent month-over-month increase, according to July 2015 AACER bankruptcy data reported by Epiq Systems.
July's total of 71,820 bankruptcy filings nationwide represented in jump of 2,069 from June's total of 69,723. Filings declined by 7.4 percent year-over-year in July, however, down from 77,532 in July 2014. Average filings per day over the 22 filing days in July rose by nearly 100 from June, from 3,171 up to 3,265. The lowest average filings per day total of 2015 occurred in January, when there were 2,954 filings a day for 20 days.
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Including July's bankruptcy filings total, there have been 494,644 filings for the first seven months of 2015, an average of 70,663 per month and an average of 3,365 per day for 147 filing days.
Since July 2010, when 134,797 bankruptcy filings were reported for the month nationwide, filings have steadily declined every July. The total number of filings for July 2015 (71,820) experienced a 46.7 percent decline from the peak total reached in July 2010.
The state with the most cumulative bankruptcy filings for the first seven months of 2015 was California, with 49,700. Illinois was second with 33,892, barely ahead of third-place Florida with 33,739. Georgia was fourth with 28,671, and Ohio placed fifth with 22,333. In filings per capita, based on the population estimate dated July 1, 2009, Tennessee and Alabama ranked first and second in July with 5.73 and 5.29 filings for every 10,000 people, respectively. Those numbers represent slight increase from June's totals of 5.68 and 5.20, respectively, for the two states. July's national average in bankruptcy filings per capita (2.73) was virtually unchanged from June (2.72).
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.
