October Total Commercial Bankruptcy Filings Down 16% Y/Y

Total commercial filings for October 2012 were 4,780, representing a 16% decrease from the 5,719 filings during the same period in 2011. The October commercial Chapter 11 filing total of 704 represented a 23% decrease from October 2011’s total of 913, according to the American Bankruptcy Institute and Epiq Systems.

ABI is a multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency.

Epiq Systems is a provider of managed technology for the global legal profession.

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