3,882
edits
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|25.00% | |25.00% | ||
|8.47% | |8.47% | ||
|} | |||
=== Q1 2023 === | |||
{| class="wikitable" | |||
! rowspan="3" |Date | |||
! colspan="5" |Combined | |||
! colspan="5" |Business | |||
! colspan="4" |Nonbusiness | |||
|- | |||
!Total | |||
!Total | |||
!Total | |||
!Total | |||
!Total | |||
!All | |||
!Chapter | |||
!Chapter | |||
!Chapter | |||
!Other | |||
!All | |||
!Chapter | |||
!Chapter | |||
!Chapter | |||
|- | |||
!All Chapters | |||
!Chapter 7 | |||
!Chapter 11 | |||
!Chapter 13 | |||
!Other Chapters | |||
!Chapters | |||
!7 | |||
!11 | |||
!13 | |||
!Chapters | |||
!Chapters | |||
!7 | |||
!11 | |||
!13 | |||
|- | |||
!Q2 2023 | |||
|113,942 | |||
|66,921 | |||
|1,906 | |||
|45,046 | |||
|69 | |||
|4,554 | |||
|2,376 | |||
|1,802 | |||
|307 | |||
|69 | |||
|109,388 | |||
|64,545 | |||
|104 | |||
|44,739 | |||
|- | |||
!Q1 2023 | |||
|107,541 | |||
|61,576 | |||
|1,518 | |||
|44,390 | |||
|57 | |||
|4,063 | |||
|2,294 | |||
|1,418 | |||
|294 | |||
|57 | |||
|103,478 | |||
|59,282 | |||
|100 | |||
|44,096 | |||
|- | |||
!Q2 2022 | |||
|98,535 | |||
|59,019 | |||
|1,291 | |||
|38,152 | |||
|73 | |||
|3,325 | |||
|1,839 | |||
|1,173 | |||
|240 | |||
|73 | |||
|95,210 | |||
|57,180 | |||
|118 | |||
|37,912 | |||
|- | |||
!Y/Y Change | |||
|15.64% | |||
|13.39% | |||
|47.64% | |||
|18.07% | |||
| -5.48% | |||
|36.96% | |||
|29.20% | |||
|53.62% | |||
|27.92% | |||
| -5.48% | |||
|14.89% | |||
|12.88% | |||
| -11.86% | |||
|18.01% | |||
|- | |||
!Q/Q Change | |||
|5.95% | |||
|8.68% | |||
|25.56% | |||
|1.48% | |||
|21.05% | |||
|12.08% | |||
|3.57% | |||
|27.08% | |||
|4.42% | |||
|21.05% | |||
|5.71% | |||
|8.88% | |||
|4.00% | |||
|1.46% | |||
|} | |} | ||
== EPIQ == | == EPIQ == | ||
{| class="wikitable" | |||
!Date | |||
!Total bankruptcy filings | |||
!Overall commercial filings | |||
!Commercial Chapter 11 | |||
!Small business | |||
!Individual bankruptcy filings | |||
|- | |||
!Jul-23 | |||
|35,716 | |||
|1,961 | |||
|362 | |||
|153 | |||
|33,755 | |||
|- | |||
!Jun-23 | |||
|37,782 | |||
|2,146 | |||
|582 | |||
|196 | |||
|35,636 | |||
|} | |||
=== June 2023 === | === June 2023 === | ||
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* '''Total bankruptcy filings were 217,420 during the first six months of 2023, a 17 percent increase''' from the 185,352 total filings during the same period a year ago. | * '''Total bankruptcy filings were 217,420 during the first six months of 2023, a 17 percent increase''' from the 185,352 total filings during the same period a year ago. | ||
* All chapters increased in June 2023 compared to June 2022, with 37,700 total bankruptcy filings representing an increase of 17 percent from the 32,198 filed in 2022. Total commercial filings were up 12 percent from 1,891. Total Individuals were up 18 percent from 30,307. | * All chapters increased in June 2023 compared to June 2022, with 37,700 total bankruptcy filings representing an increase of 17 percent from the 32,198 filed in 2022. Total commercial filings were up 12 percent from 1,891. Total Individuals were up 18 percent from 30,307. | ||
=== July 2023 === | |||
* There were 362 commercial '''Chapter 11 filings registered in July 2023, an increase of 71 percent from the 212 filings registered in July 2022'''. Commercial Chapter 11 filings registered the largest drop from the previous month, as the July total decreased 38 percent from the June Chapter 11 filing total of 582.<ref>https://bankruptcy.epiqglobal.com/blog/july-commercial-chapter-11-filings-increase-71-percent-over-last-year-total-filings-up-15-percent</ref> | |||
* '''Overall commercial filings increased 21 percent to 1,961 in July 2023''', up from the 1,621 commercial filings registered in July 2022. The commercial filing total represented a 9 percent decrease from the June 2023 commercial filing total of 2,146. | |||
* '''Small business filings''', captured as subchapter V elections within Chapter 11, '''increased 61 percent to 153 in July 2023, up from 95 in July 2022'''. Subchapter V elections within Chapter 11 decreased 22 percent from the 196 filed in June 2023. | |||
* '''Total bankruptcy filings were 35,716 in July 2023, a 15 percent increase from the July 2022 total of 30,862'''. July’s total bankruptcy filings represented a 6 percent decrease when compared to the 37,782 total filings recorded in June. | |||
* '''Individual bankruptcy filings totaled 33,755 in July 2023, registering a 16 percent increase from the July 2022 filing 29,241 total'''. There were 19,476 Individual Chapter 7 filings in July, a 17 percent increase versus 16,645 in July 2022, and there were 14,229 individual Chapter 13 filings in July, a 13 percent increase over the 12,547 filings the previous year. Total individual filings for July represented a 5 percent decrease from the June 2023 filing total of 35,636. Both individual Chapter 7 and Chapter 13 decreased 5 percent from June. | |||
== S&P Global == | == S&P Global == | ||
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Consumer discretionary companies continued to record a higher number of bankruptcy filings than other sectors in 2023. | Consumer discretionary companies continued to record a higher number of bankruptcy filings than other sectors in 2023. | ||
[[File:421700892.png|alt=|center|thumb|717x717px|https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/july-filings-propel-2023-us-corporate-bankruptcy-tally-past-2022-s-total-76838356]] | |||
[[File: | |||
== References == | == References == |