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.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.