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

Print Page
Print

 

27https://www.aisinfo.com/blog/2022/01/ais-insight-blog-december-2022
December 2021 Bankruptcy Filings Continue to Decline
01/05/2022 08:00 AM Posted by: AIS

January 5th, 2021

DECEMBER INSIGHT REPORT

According to the latest AIS Insight report, December bankruptcies totaled 27,946, reflecting a slight decline from the previous month (Figure 1). This is the lowest total filings since January 2006.

December 2021 marks two full years of bankruptcy data during the COVID-19 pandemic. According to the AIS Insight report  total filings across all chapters for the year of 2021 totaled 401,398. When compared to 2020, it was noted that total bankruptcies were down 24.13% (Figure 1).

Although we continue to see the majority of bankruptcy filings decline, we did observe an increase in Chapter 11 filings for the month of November 2021 (Figure 1). 

 

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). Chapter 7 filings totaled 17,187, marking a 6.55% decrease from November 2021 and a 28.71% decrease when compared to December 2020 (Figure 4). This is now the tenth consecutive month that we’ve observed declining Chapter 7 filings. Chapter 13 filings totaled 10,374, marking a 2.78% decrease from November 2021 and a 6.89% increase from December 2020 (Figure 4).

Featured Box Image

Figure 4

Featured Box Image

Figure 5

Featured Box Image

Figure 6

 

For the month of December 2021, Chapter 11 filings increased 61% from November 2021 totaling 359 (Figure 7). Chapter 11, Subchapter V filings decreased 15.23% from November 2021 totaling 89 (Figure 7). 

 

Featured Box Image

Figure 7

Featured Box Image

Figure 8

Featured Box Image

Figure 9

The highest percentage of bankruptcies for December 2021 came from the South (East) (29%), followed by North Central (East) (19%), South (West) (16%), Pacific (13%), Northeast (11%), North Central (West) (6%) and Mountain (6%) regions of the country (Figure 10).

Featured Box Image

Figure 10

To download the December 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)



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