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.
Read More

   Email Print

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. 

   Email Print

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.
Read More

   Email Print

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.
Read More

   Email Print

REPORT: AIS Insight - February 2022 Bankruptcy Data
Mar 3, 2022
According to the latest AIS Insight Report, February filings totaled 26,997, up 3% from the previous month and down 13.54% from February 2021. Over the last four months, Chapter 13’s have remained relatively flat, averaging approximately 10,600 filings per month. However, February’s count reached 10,669 which showed a 24.91% increase from the same month last year.
Read More

   Email Print

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.
Read More

   Email Print

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.
Read More

   Email Print

REPORT: AIS Insight - December 2021 Bankruptcy Data
Jan 5, 2022
According to the latest AIS Insight report, December bankruptcies totaled 27,946, reflecting a slight decline from the previous month and an 18.61% decrease for the same time period in 2020. December recorded the lowest monthly filings total since January 2006. Total filings across all chapters for the year of 2021 totaled 401,398, down 24.13% from the 529,173 filed in 2020. Excluding pre-COVID pandemic activity, it was noted that March – December 2021 filing totals were 18.56% lower than the same 10-month span in 2020.

   Email Print

REPORT: AIS Insight - November Bankruptcy Data
Dec 3, 2021
AIS reports that November bankruptcy filings totaled 29,301, marking a year-over-year decrease of 15.05% and a 47.67% decrease when compared to pre-pandemic data (November 2019). Through November 2021 bankruptcy filings for all chapters totaled 407,784, down 25.56% over the same period last year. The slight decrease (6.93%) from October to November is in line with the seasonality we see each year with filings.
Read More

   Email Print

REPORT: AIS Insight - October Bankruptcy Data
Nov 2, 2021
According to the latest AIS Insight Report, October bankruptcy filings totaled 31,483, marking a year-over-year decrease of 21.76% and a 53.57% decrease when compared to pre-pandemic data (October 2019). The 11,161 chapter 13 filings in October represent a 8.70% increase from the previous month and a 32.47% since May. This is the fifth consecutive month that we have seen a rise in chapter 13s.
Read More

   Email Print

REPORT: AIS Insight - September Bankruptcy Data
Oct 5, 2021
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). This is the lowest September number we have seen in over 20 years and the smallest monthly total since January 2006.
Read More

   Email Print

REPORT: AIS Insight - August Bankruptcy Data
Aug 9, 2021
According to the latest AIS Insight Report, August bankruptcy filings totaled 32,261. This reflects a slight decrease (0.39%) from the previous month and an 18% decrease compared to August 2020. This also marked the lowest number of total filings in August in over 20 years, as well as a 51% drop from pre-pandemic numbers in August 2019.
Read More

   Email Print

NEWS: Senate Judiciary Committee On Student Loan Bankruptcy Reform
Aug 5, 2021
On August 3rd, the Senate Judiciary Committee held a hearing on the dischargeability of student loans in bankruptcy. At the hearing, Senator Durbin (D-Ill) and Senator Cornyn (R-Texas) introduced the ‘‘FRESH START Through Bankruptcy Act.’’ The hearing focused on the perceived need to provide debt relief to student borrowers. Learn more about the hearing and when the Senate may attempt to pass the Act.
Read More

   Email Print

REPORT: AIS Insight - July Bankruptcy Data
Aug 3, 2021
According to the latest AIS Insight Report, July bankruptcy filings totaled 32,327. This reflects a slight decrease (5.68%) from the previous month and a 25.72% decrease compared to July 2020. Continuing a trend we’ve seen since May, our most recent report reveals the lowest filing totals dating back to 1985. 
Read More

   Email Print

REPORT: AIS Insight - June Bankruptcy Data
Jul 6, 2021
According to the latest AIS Insight Report, June bankruptcy filings totaled 34,269. This reflects a slight decrease (1.45%) from the previous month and a 19.22% decrease compared to June 2020.  Similar to what we saw in 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.
Read More

   Email Print

REPORT: AIS Insight - May Bankruptcy Data
Jun 4, 2021
According to the latest AIS Insight Report, May bankruptcy filings totalled 34,770. This reflects a 14% decrease from the previous month and a 13% decrease compared to the same month last year. Overall, data continues to confirm that 2021 is an unusual year. Our analysis reveals May 2021 filings have reached the lowest monthly total in more than 20 years.
Read More

   Email Print

REPORT: AIS Insight - April Bankruptcy Data
May 4, 2021
According to the latest AIS Insight Report, April bankruptcy filings totaled to 40,888. Although we observed a slight decrease from the previous month, this marks a 6% increase from total filings in the same month last year. In addition, we observed a 12% increase in Chapter 7 bankruptcies and a 1.6% decrease in Chapter 13 bankruptcies when compared to the same month in the previous year.
Read More

   Email Print

REPORT: AIS Insight - March Bankruptcy Data
Apr 5, 2021
According to the latest AIS Insight Report, March bankruptcy filings totaled 43,450 spiking to the highest level in 12 months. This marks the largest month over month increase since the pandemic started in March 2020. While March historically yields the highest volume of filings each year, March 2021 marked the lowest March total in over 20 years. However, this increase is worth monitoring, as rates could be slowing trending back to pre-pandemic averages.
Read More

   Email Print

REPORT: AIS Insight - February Bankruptcy Data
Mar 3, 2021
According to the latest AIS Insight Report, February bankruptcy filings totaled 31,208, breaking the record as the lowest monthly total of filings since January 2006.

   Email Print

REPORT: AIS Insight - January Bankruptcy Data
Feb 5, 2021
According to the latest AIS Insight Report, January bankruptcy filings totaled 32,326, breaking December’s record as the lowest monthly total of filings since January 2006. January also marked the greatest decrease in year-over-year monthly filings since April 2020, when COVID-19 shutdowns were implemented across the country.
Read More

   Email Print

 

 

 

Platform © 2001 -