Bankruptcy Filings Continue Double-Digit Increases in the New Year

In January 2024, bankruptcy filings saw a significant increase, totaling 36,623 cases. This represents a 17.53 percent rise compared to the same month last year, closely aligning with the annual increase rate of 17.64 percent observed in 2023. The increase was seen across all chapters of bankruptcy filings, indicating broad-based case growth. Moreover, the gap between the number of cases filed before and after the pandemic continues to narrow, reflecting a changing landscape in bankruptcy trends.

Our monthly report now includes filing projections produced by the Department of Justice, as well as 2023 filing trends compared to pre-pandemic averages.

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AIS warrants that it employs all reasonable endeavours to ensure that the supplied statistical reports are substantially complete and free of errors or defects. The user acknowledges that all information contained herein is derived from public record data and from time to time, errors may occur. InSight is a proprietary analytical report produced monthly by AIS. The supplied information will not be disclosed, recompiled, sold or traded, in whole or in part, to third parties unless prior written consent is obtained. AIS assumes no responsibility or liability for any decisions made as a result of using this report.


 

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