September Commercial Chapter 11 Filings Up 33% Over 2018

The American Bankruptcy Institute reported Commercial Chapter 11 filings totaled 414 in September, a 33% increase over September 2018’s total of 312 filings, according to data provided by Epiq Systems.
Overall business filings increased 11% to 3,129 filings in September from September 2018’s total of 2,822 business filings. Total U.S. filings registered 61,113 in September 2019, up 6% from last September’s total of 57,619. The 57,984 consumer filings in September also represented a 6% increase from the September 2018 consumer total of 54,797.
“Bankruptcy provides the reprieve needed for financially distressed families and businesses dealing with increasing costs and debt…

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