Bankruptcy Filings Fall 0.7% – Smallest 12-Month Decline Since 2010
Bankruptcy filings in the 12-month period ending December 31, 2017, fell just 0.7 percent, compared with bankruptcy cases filed in calendar year 2016. According to newly released data, 789,020 cases were filed in 2017, compared with 794,960 in the previous year.
The percentage decline is the smallest for a 12-month period since bankruptcy filings reached a peak in 2010. The number of bankruptcy filings is the lowest for any calendar year since 2006, and the seventh consecutive calendar year that filings have fallen.
The Administrative Office of the U.S. Courts also released the following statistics:
- Business and non-business bankruptcy filings for the 12-month period ending December 31, 2017. (Table F-2) Business and Nonbusiness Commenced by Chapter),
- 2016 and 2017 Bankruptcy Cases Commenced, Terminated and Pending (Table F),
- Three-month filings for October-December 2017 (Table F-2, 3-Month) and filings by month for October 2017, November 2017, and December 2017 (Tables F-2 by Month),
- Bankruptcy filings by county (Report F-5A).
Related Topics: Bankruptcy Filings