NEWS: Justice Department Announces New Director of the U.S. Trustee Program
Jan 20, 2023
On January 18th, Attorney General Merrick Garland announced the selection of Tara Twomey as the next Director of the U.S. Trustee Program (USTP). Ms. Twomey is a long-time consumer advocate who currently serves as both the Executive Director of the National Consumer Bankruptcy Rights Center.
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REPORT: AIS Insight - December 2022 Bankruptcy Data
Jan 4, 2023
The latest AIS Insight Report shows total bankruptcy filings in the United States rose 6 percent to 29,611 in December from the 27,986 filings in December 2021, marking the fifth consecutive month we’ve seen a year-over-year uptick. With the traditional end-of-year slowdown in bankruptcies, December filings were 5 percent lower than the previous month. Meanwhile, total filings for calendar year 2022 finished nearly 6 percent lower than 2021.
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REPORT: AIS Insight - November 2022 Bankruptcy Data
Dec 5, 2022
According to the latest AIS Insight Report, total bankruptcy filings in the United States rose 6 percent to 31,186 in November from the 29,331 filings in November 2021. This marked the fourth consecutive month we’ve seen a year-over-year uptick. From August through November of this year, 8,471 more cases were filed when compared to that same period in 2021.
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PRESS RELEASE: Independent Bankers Association of Texas Announces First Peer Reviewed Provider
Nov 29, 2022
AUSTIN, Texas—The Independent Bankers Association of Texas (IBAT) is pleased to announce that AIS Portfolio Services, LLC (AIS) has been selected as the first IBAT Peer Reviewed Provider for its ability to deliver software robotics with AI. AIS develops solutions that integrate with core banking and ancillary systems, automating up to 80% of manual, repetitive processes, at a 99.4% accuracy rating.
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NEWS: DOJ Issues New Guidance on Discharging Student Loan Debt in Bankruptcy
Nov 18, 2022
Student loan debt has recently become the largest kind of unsecured debt reported by debtors on their bankruptcy papers, outpacing even the amount of credit card debt. If student loan debts can be more easily discharged in bankruptcy, then it is likely that more debtors holding such debt will seek bankruptcy relief. In an announcement made on November 17th, the U.S. Justice Department (DOJ) may have just made bankruptcy relief significantly more available to student loan debtors.
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PRESS RELEASE: AIS Hires Experienced Banking Technology and Operations Executive as Managing Director – Commercial Banking
Nov 14, 2022
AIS, a Texas-based FinTech and leading provider of back-office automation, quality talent and standardized analytics, today announced the hiring of Tom Clark as Managing Director, Commercial Banking. Clark brings more than 25 years of banking expertise to AIS, eight of which were most recently spent as Chief Information Officer at Cadence Bank.
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REPORT: AIS Insight - October 2022 Bankruptcy Data
Nov 3, 2022
According to the latest AIS Insight Report, Chapter 13 filings year-to-date are up 35 percent from January-October of 2021. Chapter 13s in October increased 28 percent to 14,136 from the 11,002 filings in October 2021. Total bankruptcy filings in the United States rose 4 percent to 32,699 in October from the 31,488 filings in October 2021. This marked the third consecutive month we’ve seen a year-over-year uptick.
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REPORT: AIS Insight - September 2022 Bankruptcy Data
Oct 6, 2022
According to the latest AIS Insight Report, September filings were up 7% from September 2021, marking the second consecutive month we’ve seen a YOY uptick. September Chapter 13s were up 41% from September 2021, whereas Chapter 7s decreased 7% for that same time period. Lastly, Chapter 11s were greater than pre-pandemic totals and reached the third highest monthly filing total in the last two years.
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NEWS: Chairman Nadler Postpones Congressional Hearing on Consumer Bankruptcy Reform
Oct 3, 2022
Judiciary Committee Chairman Jerrold Nadler postponed the hearing Congressional hering on Consumer Bankruptcy Reform, originally scheduled for Thursday, September 29, 2022. Before the postponement, witnesses were scheduled to testify and five written statements were submitted for the record. The following is a synopsis of the written statements.
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NEWS: Congressional Hearing on Consumer Bankruptcy Reform
Sep 19, 2022
The House of Representatives’ Judiciary Committee is expected to hold a consumer bankruptcy reform hearing on September 29th at 1pm. The hearing would likely be a subcommittee hearing. At this time, we have been told that the focus will be on the Nadler-Warren legislation introduced at the end of the last Congress.
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REPORT: AIS Insight - August 2022 Bankruptcy Data
Sep 6, 2022
According to the latest AIS Insight Report, August bankruptcies were up 9.59% percent from August 2021. This marks only the second time we’ve seen a year-over-year increase in monthly filings, since the beginning of the pandemic. The last time we saw an increase was April 2021 with 6.45%. In addition, August’s year-over-year increase is also the largest since May 2010.
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NEWS: Comment Period Opens For Proposed Amendments To Federal Bankruptcy Rules
Aug 17, 2022
The Committee on Rules of Practice and Procedure of the Judicial Conference of the United States has published for public comment a host of amendments to existing Federal Rules of Bankruptcy Procedure and Official Forms.
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NEWS: FTC Commissioner Resigns
Aug 9, 2022
Noah Phillips, one of two Republicans on the five-member Federal Trade Commission (FTC), announced his intent to resign in the Fall.
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REPORT: AIS Insight - July 2022 Bankruptcy Data
Jun 7, 2022
According to the latest AIS Insight Report, July filings totaled 30,834, down 4.23% from June. July filings marked a 4.85% decrease year over year when compared to 32,327 filings in July 2022. Chapter 13 filings, which traditionally account for roughly 30 percent of all bankruptcy filings, are up nearly 40 percent over the last 12 months. 

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REPORT: AIS Insight - June 2022 Bankruptcy Data
Jun 7, 2022
Bankruptcy filings totaled 32,163 in June, up 2.69% from May. June filings marked a 6.22% decrease year over year when compared to 34,271 filings in June 2021. Chapter 11 filings were up 33.78% from May 2022 and 27.30% from the same month last year. The 499 chapter 11s in June marked the highest total since November 2020. Furthermore, Chapter 13 filings were up 7.71% from May 2022 and 44.91% from June 2021.
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REPORT: AIS Insight - May 2022 Bankruptcy Data
May 4, 2022
According to the latest AIS Insight Report, May bankruptcy filings totaled 31,292, reflecting a slight decrease from the previous month (-3.79%) and small decline from May 2021 (-10.05%). Chapter 11 filings totaled 373, reflecting a 26.01% increase from the previous month and a 21.50% increase from May 2021. Furthermore, Chapter 11, Subchapter V filings totaled 122, revealing a 22% increase from April 2022 and a 6.09% increase from May 2021. 

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PRESS RELEASE: AIS Announces Hiring of Former Director of United States Trustee Program
Apr 5, 2022
AIS, a Texas-based FinTech and leading provider of technology-driven default servicing solutions, today announced the hiring of Cliff White as Managing Director, Bankruptcy Compliance. For 17 years, White led the United States Trustee Program (USTP), the Department of Justice's "watchdog" of the bankruptcy system. He retired on March 31st, after 42 years of federal service.
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NEWS: Expanding Eligibility Requirements For Chapter 13
Mar 22, 2022
On March 14th, Senator Charles Grassley (R-Iowa) and Senator Durbin (D-Ill) introduced S. 3823, legislation that would expand the eligibility requirements for Chapter 13. Under the legislation, individuals with debt up to $2,750,000 may now file for Chapter 13. This is a substantial increase from the current limitation of $1.6 million. The legislation also removes the current distinctions between secured and unsecured debt when determining whether a borrower/debtor can use Chapter 13.
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REPORT: AIS Insight - January 2022 Bankruptcy Data
Feb 7, 2022
According to the latest AIS Insight Report, January filings totaled 26,203, down 6.24% from the previous month and 18.97% from January 2021. This marks the lowest number of filings for the month of January in more than 20 years. Chapter 7 filings (15,182) continue to decline for the 10-consecutive month while Chapter 13s accounted for 40.93% of all filings, an increase of 12.75% from January 2021.
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NEWS: DOJ Announces Retirement of U.S. Trustee Program Director
Jan 13, 2022
The Justice Department today announced the retirement of Clifford White, the Director of the Justice Department’s U.S. Trustee Program (USTP), effective March 31, 2022.
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