23https://www.aisinfo.com/blog/2021/07/ais-insight-blog-june-2021-
Bankruptcy Filings Hit 20-Year Low for Month of June
07/06/2021 08:00 AM Posted by: AIS InfoSource Poster Avatar

July 6th, 2021

JUNE INSIGHT REPORT

 

According to the latest AIS Insight Report, June bankruptcy filings totaled 34,269 (Figure 1). This reflects a slight decrease (1.45%) from the previous month and a 19.22% decrease compared to June 2020. Similar to May, our most recent report reveals the lowest filing totals for the month of June in more than 20 years. Our analysis also shows that year-to-date filings (216,995) mark the lowest January-June total in over two decades (Figure 2).

 

Featured Box Image

Figure 1

Featured Box Image

Figure 2

Featured Box Image

Figure 3

Our analysis of Chapter 7 and Chapter 13 bankruptcies reveals that numbers continue to drop below historical averages (Figure 4). Chapter 7 filings totaled 24,801 marking a 4% decrease compared to May 2021 and a 23% decrease from June 2020 (Figure 4). Chapter 13 filings totaled 9,054, marking a 7% increase compared to May 2021 and a 4% decrease from June 2020 (Figure 4). What’s most interesting is that similar to June 2020, Chapter 7 bankruptcies accounted for 72%  of all filings in June 2021. Chapter 13 filings remain a small percentage of total bankruptcies, accounting for a total of 26% in June 2021. Pre-pandemic data shows Chapter 13 filings amounted to 36% of total bankruptcies in 2019.

Featured Box Image

Figure 4

Featured Box Image

Figure 5

Featured Box Image

Figure 6

For the month of June 2021, Chapter 11 filings totaled 392 (Figure 7). When compared to May 2021, we observed a 27% increase (Figure 7). However, when comparing Chapter 11s to June 2020, we observed a 40% decrease (Figures 7 & 8). Chapter 11, Subchapter V filings totaled 116, revealing a 1% increase from May 2021 and a 12% decrease from June 2020 (Figure 7 & 9). 

Featured Box Image

Figure 7

Featured Box Image

Figure 8

Featured Box Image

Figure 9

The highest percentage of bankruptcies for June 2021 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 10).

Featured Box Image

Figure 10

To download the June Insight Report, click here.

Blog Search

Categories

Archives

202206June1
June 2022 (1)
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 -