Tag Archives: AACER

How did bankruptcy filings in January 2016 stack up with Januarys of years past?

Bankruptcy filings experienced a rare year-over-year climb in November, but it was not sustained in December, according to AACER.

Prior to November, the monthly total of filings had declined over-the-year in every month of 2015 and every November since 2011.

October’s total of 70,211 new bankruptcies in 21 filing days was slightly ahead of September’s total of 67,138 in the same number of filing days. The average number of bankruptcy filings in October totaled 3,343 compared to 3,197 in September.

Bankruptcy filings nationwide totaled 62,358 for the month of September, the second-lowest total for any month this year, according to September 2015 AACER bankruptcy data reported by Epiq Systems.

Bankruptcy filings nationwide totaled 67,712 over 21 filing days for the month of August, the third-lowest monthly total in 2015 and a decline of more than 7,000 from August 2014, according to August 2015 AACER bankruptcy data reported by Epiq Systems. Filings were lower in August 2015 by 7,522 from the previous August. The total of 67,712 for the month was third-lowest this year behind January (59,087) and February (65,054).

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.

Bankruptcy filings in June 2015 experienced only a slight month-over-month increase despite having two more filing days in June than in May, according to June 2015 AACER bankruptcy data reported by Epiq Systems. In June 2015, there were 69,723 total bankruptcy filings, an increase of only 412 (only about half of 1 percent) from May's total of 69,311, despite June having 22 filing days compared to 20 for May.

In May 2015, there were 69,286 total bankruptcy filings, down from May 2014's total of 85,711. May 2015's total also represented a month-over-month decline from April's total of 77,884, although there were two fewer filing days in May (20) than there were in April (22). Had filings continued at their May rate of 3,464 filings per day for two more days, May's total of filings would have been less than 2,000 fewer than April's.

Both the total bankruptcy filings for April and that average filings per day declined from March in the same number of filing days, continuing a trend that has been ongoing since the height of the financial crisis in 2010, according to April 2015 AACER bankruptcy data reported by Epiq Systems. In April, there were 77,884 total bankruptcy filings, down from March's total of 81,622 in the same number of filing days (22) during the month. April totaled 3,540 filings per day, compared with 3,712 in March.