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BANKRUPTCIES
CONTINUE
UPWARD TREND
Epiq, an Atlanta-based provider of
intelligence to the legal services industry, has
released its October 2021 bankruptcy filing
statistics from its AACER subsidiary which
found that filings rose by 1.8% during the month,
representing 31,471 filings of all types, up from
the 30,920 seen is September.
Breaking the data down, Chapter 13 filings
have been on the rise since May. is number is
up 33% since that time when 8,079 were filed—
that number rose to 10,764 filings in October.
e bulk of Chapter 13 filings came from the
state of Georgia, which saw 1,087 new filings,
followed by Alabama (833 new filings); Florida
(755); Tennessee (744); and Illinois (596).
Chapter 7 filings are trending downward
though—18,874 new filings were started in
October compared to the 19,942 new filings seen
in September.
"Although October had one less business day
than September, October 2021 filings were up
1.8% month over month. However, new filings
remain significantly lower than the comparable
pre-COVID-19 number of 67,878 for all chapter
new filings in October 2019," said Chris Kruse,
Senior Vice President of Epiq AACER.
In addition, total commercial Chapter 11
filings in October increased by 21.1% to 293 new
filings, up from the 242 filings seen in September.
Breaking that number down further, Chapter 11
Subchapter V filings were up 16.7% with 84 new
filings, up from the 72 seen in September.
Journal
