56
Bankruptcy Filings Way Up in May; Government Says They May Be Headed Much, Much Higher
06/05/2023 08:00 AM Posted by: AIS
Bankruptcy filings went up by 23.6 percent in May compared to the same time period in 2022. The Department of Justice officially estimates that filings could double from pre-pandemic lows before the end of the calendar year 2025.

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51
The Role of Managed Services in Driving the Adoption of RPA in Commercial Banking
05/22/2023 08:00 AM Posted by: AIS
Tom Clark delves into the crucial role that Managed Service Providers (MSPs) play in fostering operational efficiency and scalability within banking. Highlighting the strategic use of MSPs in implementing Robotic Process Automation (RPA), he offers rich insights and guidance for financial institutions considering such initiatives.

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54
Bankruptcy Filings Continue Year Over Year Increases
04/04/2023 08:00 AM Posted by: AIS
Total bankruptcy filings in April rose by 9.3 percent compared to the same month last year. This is the ninth consecutive month of overall filing increases. The rate of increase was less than last month’s increase, but March often reflects the response to the shock of holiday bills. Total filings for the first four months of 2023 are up by 15.7 percent over last year. This data analysis reinforces that the American bankruptcy system had better prepare for a sustained period of significant filing increases.

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53
Bankruptcy Filings Flying Higher and Higher
04/04/2023 08:00 AM Posted by: AIS
With the number of bankruptcy filings now in for the first calendar quarter of 2023, we know that the rapid rise in the number of individuals and companies seeking bankruptcy relief continues unabated. From January through March of this year, 18.1 percent more bankruptcy petitions were filed compared to the same period in 2022. In March alone, overall filings increased by 17.5 percent. This is the third consecutive month of year-over-year filing increases.

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52
What About the Bankruptcy Fall-Out From Recent Bank Collapses?
03/22/2023 08:00 AM Posted by: AIS
With the failure of Silicon Valley Bank (SVB) and Signature Bank, many in the bankruptcy community ask what – if any – impact there will be on bankruptcy filings and the bankruptcy system. Take a look at a snapshot of some of the issues and impacts being discussed.

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50
Pandemic-Era Bankruptcy Low Filing Rates May Be a Thing of the Past
03/07/2023 08:00 AM Posted by: AIS
February 2023 bankruptcy filings rose by a hefty 18.2 percent compared to the same month last year. This uptick matched the January percentage increase. After falling during the first part of 2022, filings began to climb, slowing beginning last summer. The rapid acceleration experienced over the previous two months is the greatest since the Great Recession in 2009. If this trend continues, about 70,000 more cases will be filed this year than in 2022.

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49
As a Matter of Fact: Clarifying a Few Hot Button Issues in Consumer Bankruptcy
02/09/2023 08:00 AM Posted by: AIS
For many years, consumer bankruptcy has been beset by controversies and misconceptions. We will shed light on some of the controversies that have received the most attention, starting with the Means Test, which could be the hottest of the hot-button issues in the consumer bankruptcy world.

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48
January Bankruptcy Filings Suggest Big Increase Could Be Ahead
02/07/2023 08:00 AM Posted by: AIS
The upward drift of bankruptcy filings seen in the last half of 2022 was turbo-charged in the first month of this year. After increasing by five percent during the last two quarters of 2022, bankruptcy filings increased by 18.9 percent last month compared to the previous January, for a total of 31,285 new filings. This was the most significant increase since March 2010.

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47
December Filings Bring No Surprises
01/10/2023 08:00 AM Posted by: AIS
Calendar Year 2022 was filled with lots of economic and other surprises. Unfortunately, few of them were good. So perhaps it should come as a relief that the December bankruptcy filing data contained No Surprises. As anticipated, if not outright predicted, December 2022 filings exceeded last year’s December filings by nearly six percent. That was the fifth consecutive month of an increase over the previous year.

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46
The Legislative and Regulatory Environment for Bankruptcy Heading into 2023
12/15/2022 08:00 AM Posted by: AIS
Credit usage has increased, interest rates continue an upward climb, and inflation stands over 7 percent for the year. But over the last month, there have also been numerous developments in the election and government policy spheres that could impact bankruptcy filing rates going forward. Here are just three developments that may be worth considering.

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45
Bankruptcy Filings Continue to Creep Ahead of Last Year’s Pace
12/09/2022 08:00 AM Posted by: AIS
Tis the Season to spend, spend, spend. And our fellow Americans did their part to buoy the demand-side of the economy with record holiday spending on Black Friday. With the credit card bills not coming due until next year, and with foreclosures soon pausing in the run-up to the holidays, it should be less urgent for consumers to file bankruptcy over the next several weeks. November bankruptcy filings nonetheless followed the pattern of the past several months by creeping ahead of last year’s pace.

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43
Bankruptcy Filings Are Onward and Upward
11/10/2022 08:00 AM Posted by: AIS
There was no “October Surprise” in last month’s bankruptcy filing statistics. The total number of filings of 32,699 reflects a four percent increase over October 2021. This is third consecutive month of an overall increase in comparison to the same month in the previous year.

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42
DOJ Announces Aggressive Policies on Corporate Monitors and Executive Accountability
10/07/2022 09:00 AM Posted by: AIS
AIS recently informed it client about a new U.S. Department of Justice (DOJ) policy that was more favorable to the imposition of independent monitors to oversee corporate compliance. Cliff White provides an update.

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41
Bankruptcy Filings Continue Upward Trend
10/05/2022 08:00 AM Posted by: AIS
The September 2022 official bankruptcy filing statistics bring to mind a musical oldie from Sonny and Cher, “The beat goes on.” The number of consumers and businesses seeking bankruptcy protection continues to trend upward as the economy grows more problematic and federal regulatory actions become more aggressive.

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40
Bankruptcy Crimes Will Be Prosecuted By USTP
09/21/2022 09:00 AM Posted by: AIS
While it may seem like regulatory crosshairs are consistently aimed at creditors, reports show that those convicted of bankruptcy crimes have included wrongdoers from all walks of life.

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38
August Marks Largest Increase in Bankruptcy Filings Since 2010
09/06/2022 09:00 AM Posted by: AIS
August bankruptcy numbers not only reinforce the upward trend seen in recent months but show an appreciable acceleration in filing rates. Moreover, government policy and general economic trends provide a reason to expect more of the same in the future.

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37
Chapter 13 Filings Continue Upward Trajectory in July
08/09/2022 10:13 AM Posted by: AIS
Many experts suggest that total bankruptcy filings will finish this calendar year below last year’s low filing number. But mapping the filings by other than cumulative calendar year identifies patterns that may indicate a future rise, at least in consumer filings.

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35
Small Business Subchapter V Is Doing Exactly What Congress Intended
07/26/2022 09:00 AM Posted by: AIS
The SBRA became effective in February 2020, just a month before much of the country shut down due to COVID. In an effort to assist more businesses facing economic hardships caused by the pandemic, Congress quickly expanded SBRA to cover businesses with up to $7.5 million in debt. The early results of SBRA were favorable and those trends have continued.

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34
Chapter 13, 11 Filings Continue to Rise in June
07/12/2022 03:13 PM Posted by: AIS
Bankruptcy filings have been at historic lows since the beginning of the COVID pandemic in 2020.  But deteriorating national economic conditions and recent chapter 13 filing data suggest that bankruptcy increases may be on the horizon. 

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32
Siegel v Fitzgerald and Its Potential Implications
06/13/2022 09:00 AM Posted by: AIS
The United States Supreme Court recently decided the case of Siegal v. Fitzgerald-- and for only the second time in history-- struck down a bankruptcy law on the seemingly technical ground that a fee imposed on chapter 11 debtors violated the constitutional requirement that bankruptcy laws be uniform. Although the issue may seem somewhat esoteric, its implications may be far-reaching, especially for creditors in Alabama and North Carolina.

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