Printed from: AIS
  https://www.aisinfo.com/

Print Page
Print

 

6https://www.aisinfo.com/blog/2020/06/ais-insight-blog-may-2020
May Marks Third Consecutive Month of Declining Bankruptcies
06/11/2020 04:00 PM Posted by: AIS

June 11th, 2020

MAY INSIGHT REPORT

Bankruptcies Continue to Decline in May

According to AIS proprietary data, May 2020 witnessed a decrease of 41.94% in the total bankruptcy filings when compared to that of the same month last year.

In May 2019, the number of bankruptcy filings totaled to 68, 829, whereas, May 2020 accounted for just 39,961 filings (Figure 1). However, an increase of nearly 41% was also recorded in commercial chapter 11 filings, which raised from 535 filings in May 2019 to 757 in May 2020 (Figure 3).

Figure 1

As per month-over-month comparison, there was a nearly 4% increase; the number of filings in May 2020 reached 39,961 from 38,439 (Figures 1 and 2). Moreover, the total commercial chapter 11 bankruptcies also increased by 27%. Commercial chapter 11 bankruptcies totaled 592 in April 2020 whereas they increased to 757 in May 2020 (Figure 3).

Figure 2

Figure 3

The highest percentage of bankruptcies for May 2020 came from the South (East) (26%) followed by North Central (East) (20%), South (West) (13%), Pacific (14%), Northeast (12 %), Mountain (8%)  and North Central (West)(7%) regions of the country (Figure 4).

Figure 4

Bankruptcy Filings in May 2020 by regionThis is the third consecutive month of declining bankruptcy volumes, when compared to the same time period in 2019. The dip in bankruptcy filings during the second quarter is attributed to the COVID-19 shelter in place initiatives throughout the United States. As these precautions are gradually lifted a backlog of bankruptcies are expected to follow.

The AIS Insight Report is a proprietary report created by AIS using data derived sole from information obtained by the Federal Bankruptcy Court System and the latest in bankruptcy analytical tools.

To download the full May Insight Report, click here.

Blog Search

Categories

Archives

202209September2
September 2022 (2)
202208August1
August 2022 (1)
202207July2
July 2022 (2)
202206June2
June 2022 (2)
202205May1
May 2022 (1)
202203March2
March 2022 (2)
202202February1
February 2022 (1)
202201January1
January 2022 (1)
202112December1
December 2021 (1)
202111November1
November 2021 (1)
202110October1
October 2021 (1)
202107July1
July 2021 (1)
202106June1
June 2021 (1)
202105May1
May 2021 (1)
202104April1
April 2021 (1)
202101January1
January 2021 (1)
202012December2
December 2020 (2)
202011November1
November 2020 (1)
202010October1
October 2020 (1)
202009September1
September 2020 (1)
202008August1
August 2020 (1)
202007July1
July 2020 (1)
202006June3
June 2020 (3)
202005May3
May 2020 (3)
202004April2
April 2020 (2)



All Content Rights Reserved , AIS
Captavi - SaaS CMS Platform ©