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CLLA Update - Downward Trend Continues in Bankruptcy Filings

Friday, April 28, 2017   (0 Comments)
Posted by: Katherine Herrera
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Downward Trend Continues in Bankruptcy Filings

 

The Administrative Office of the U.S. Courts reported that filings for the 12-month period ending March 31 dropped 4.7 percent compared to 2016.

 

Filings for the annual period totaled 794,492, compared to 833,515 for the year ending in March 2016.

 

In December there was a decline of 5.9 percent, 6.3 percent in October and 6.9 percent in last June.

 

Breakdown by Chapter:

·         Chapter 7 – Filings totaled 488,417, down from 523,394 in 2016.

·         Chapter 11- Filings totaled 7,105, slightly down from 7,380 in the previous years.

·         Chapter 13 – Filings totaled 198,348, down from 302,193 in 2016.



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