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Bankruptcy Filings Hit 10-Year Low

Monday, October 23, 2017   (0 Comments)
Posted by: Amy Tieperman
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Bankruptcy Filings Hit 10-Year Low

 

The most recent figures out of the Administrative Office of the U.S. Courts show that bankruptcy filings, after falling again in September, have marked a 10 year low for a 12 month period. 

 

Filings for year ending September 2017 fell 1.8% compared to year ending September 2016 (a total of 14,724 less filings).  This number breaks down to 11,825 less Chapter 7 filings, 398 less Chapter 11 filings, 2,551 less Chapter 13 filings, and an increase of 50 Chapter 12 filings.  The business filings fell to 23,109 filings down from 24, 457 filings last year. 



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