Tag Archives: Bankruptcies

Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its April 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings decreased by 10% last month representing 32,508 filings of all types, down ...

Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its March 2022 bankruptcy filing statistics from its new Bankruptcy Analytics platform which found that filings increased by 34% last month representing 36,049 filings of all types, up ...

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).

Debt-holding patterns reported by borrowers and those reported by lenders seem to agree more than one would expect, according to a study released by the Federal Reserve Bank of New York on Monday.

Following his introduction of the Consumer Reporting Fairness Act last month, Senator Sherrod Brown (D-Ohio) this week urged federal government agencies to more closely monitor the selling of so-called "zombie debt" by financial institutions to debt collector.

Delinquency rates improved overall in the first quarter of 2015, according to the New York Fed. At the end of Q1, about $679 billion of household debt was in some stage of delinquency (representing about 5.7 percent of outstanding debt), a decline from 6.0 percent reported at the end of the previous quarter.

Nationwide bankruptcy filings dropped by more than 13 percent year-over-year in January, continuing a five-year trend, according to AACER bankruptcy data reported by Epiq Systems. The total number of bankruptcies filed in the United States for January was 59,037, marking the fifth January in a row that bankruptcy filings declined year-over-year. January's filing total represented a 13.5 percent decrease from January 2014, when 68,271 bankruptcies were filed, and a decline of 42.6 percent from their highest total for any January, which was 102,835 reached in January 2010.

Bankruptcy filings in the U.S. finished an up and down year with a slight month-over-month increase in December, but were down overall year-to-date, according to AACER bankruptcy data reported by Epiq Systems. The number of bankruptcy filings nationwide crept up from 62,417 in November to 63,090 in December, a 1 percent increase.

A federal judge earlier this week dismissed a bid by Wells Fargo Bank and Citigroup's mortgage unit to have a lawsuit against them thrown out accusing the lenders of violating federal law by inaccurately reporting information about short sales to credit agencies, subsequently hurting consumers' chances of obtaining loans.