24https://www.aisinfo.com/blog/2021/10/ais-insight-blog-september-2021
Chapter 13s Continue to Rise as Bankruptcies Remain at Historic Lows
10/05/2021 08:00 AM Posted by: AIS

October 5th, 2021

SEPTEMBER INSIGHT REPORT

According to the latest AIS Insight Report, September bankruptcy filings totaled 30,914, marking a year-over-year decrease of 22% and a 49% decrease when compared to pre-pandemic data (September 2019) (Figure 1). This is the lowest September number we have seen in over 20 years and the smallest monthly total since January 2006. However, Chapter 13 filings have risen each month since May, reaching 10,283 in September (Figure 1). The 4% decrease from August to September is in line with the seasonality we see each year with filings (20-year average of -3%).

 

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 stay below historical averages (Figure 4). However, as we mentioned, Chapter 13 filings have risen each month since May, reaching 10,283 in September (Figure 4). At the same time, Chapter 7 filings have fallen each month since April hitting 20,311 in September 2021 (Figure 6). 

Featured Box Image

Figure 4

Featured Box Image

Figure 5

Featured Box Image

Figure 6

For the month of September 2021, Chapter 11 filings decreased 3% from August totaling 293 (Figure 7). The total also marks a 63% year-over-year decrease. (Figures 7 & 8). Chapter 11, Subchapter V filings continued to dip, hitting the lowest total since January (Figures 7 & 9). 

Featured Box Image

Figure 7

Featured Box Image

Figure 8

Featured Box Image

Figure 9

The highest percentage of bankruptcies for September 2021 came from the South (East) (29%), followed by North Central (East) (19%), South (West) (14%), Pacific (14%), Northeast (11%), North Central (West) (7%) and Mountain (6%) regions of the country (Figure 10).

Featured Box Image

Figure 10

It’s important to note that Federal and State programs like the eviction moratorium expired on September 20, 2021. This being said, numerous states will continue to have rent reimbursement programs in place that could stave off new bankruptcy filings as the moratoriums expire.

To download the September Insight Report, click here.

Blog Search

Categories

Archives

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 -