Bankruptcy Filings Continue to Creep Ahead of Last Year’s Pace
According to the latest AIS Insight Report, total bankruptcy filings in the United States rose 6 percent to 31,186 in November from the 29,331 filings in November 2021. This marked the fourth consecutive month we’ve seen a year-over-year uptick.
From August through November of this year, 8,471 more cases were filed when compared to that same period in 2021.
Chapter 13 filings year-to-date are up 25 percent from January-November of 2021. Chapter 13s in November increased 27 percent to 13,362 from the 10,493 filings in November 2021.
The 386 Chapter 11 filings in November 2022 revealed a 69 percent increase from the previous year. Subchapter Vs grew 13 percent to 119 in November 2022 from 105 in November 2021.
Total filings year-to-date (348,759) are down 6% for the same period in 2021.
AIS Insight is a proprietary report created by AIS using data derived solely from information obtained from the Federal Bankruptcy Court System and the latest in bankruptcy analytical tools.
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