9https://www.aisinfo.com/blog/2020/09/ais-insight-blog-august-2020
Chapter 11 Bankruptcy Filings Up 28% in August
09/04/2020 04:00 PM Posted by: AIS

September 4th, 2020

AUGUST INSIGHT REPORT

Chapter 11 Bankruptcy Filings Up 28% in August

According to the latest AIS Insight Report, August bankruptcies totalled to 39,349 reflecting a 40.8% drop from the 66,492 bankruptcies filed in August 2019 (Figure 1). Chapter 11 filings remain well above the 2019 rate, up 28.16% as compared to the same month last year.

Our month-over-month analysis indicated that bankruptcy filings declined by 8.14 %. This decline has broken the trend of bankruptcies that has continued to rise over the previous two months (Figure 1). Over the past five months, we’ve commented on the overall drastic decline in Chapter 13 filings. After a slight uptick last month, Chapter 13 bankruptcies decreased slightly in August, still 61% lower as compared to the same month last year (Figure 1). However, Chapter 13 bankruptcies as a percentage of overall filings continues to show a steady rise (Figure 3).

Figure 1

Figure 2

Figure 3

August yielded a decrease in Chapter 11 bankruptcies. Yet, we saw a slight increase in Chapter 11, Subchapter V bankruptcies. Chapter 11 filings still remain well above historical averages (Figure 4 & 5). In fact, year to date numbers show that Chapter 11 bankruptcies are up 28% from 2019.

Figure 4

Figure 5

The highest percentage of bankruptcies for August 2020 came from the South (East) (27%) followed by North Central (East) (20%), Pacific (15%), South (West) (14%), Northeast (11%), Mountain (7%) and North Central (West) (6%) regions of the country (Figure 7).

Figure 6

The highest percentage of bankruptcies for August 2020 came from the South (East) (27%) followed by North Central (East) (20%), Pacific (15%), South (West) (14%), Northeast (11%), Mountain (7%) and North Central (West) (6%) regions of the country (Figure 7).

Figure 7

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.

To download the full August Insight Report, click here.

Blog Search

Categories

Archives

202404April1
April 2024 (1)
202403March1
March 2024 (1)
202402February1
February 2024 (1)
202401January1
January 2024 (1)
202312December2
December 2023 (2)
202311November1
November 2023 (1)
202310October2
October 2023 (2)
202309September7
September 2023 (7)
202308August4
August 2023 (4)
202307July2
July 2023 (2)
202306June1
June 2023 (1)
202305May1
May 2023 (1)
202304April2
April 2023 (2)
202303March2
March 2023 (2)
202302February2
February 2023 (2)
202301January1
January 2023 (1)
202212December2
December 2022 (2)
202211November1
November 2022 (1)
202210October2
October 2022 (2)
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)


 

 

 

Platform © 2001 -