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!Small business
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!Individual bankruptcy filings
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!Jul-23
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=== August 2023 ===
* There were 634 commercial '''Chapter 11''' filings registered in August 2023, an increase of '''54 percent y/y''' from the 411 filings registered in August 2022.  '''August total increased 76 percent from the July chapter 11 filing total of 361.'''<ref>https://bankruptcy.epiqglobal.com/blog/august-commercial-chapter-11-filings-increase-54-percent-over-last-year</ref>
* '''Overall commercial filings increased 14 percent y/y''' to 2,328 in August 2023, up from the 2,045 commercial filings registered in August 2022. The commercial filing total represented a '''17 percent increase from the July 2023''' commercial filing total of 1,990.
* '''Small business''' filings, captured as subchapter V elections within chapter 11, increased '''43 percent y/y''' to 194 in August 2023, up from 136 in August 2022. Subchapter V elections within chapter 11 increased '''29 percent from the 150 filed in July 2023.'''
* '''Total bankruptcy''' filings were 41,614 in August 2023, an '''18 percent y/y''' increase from the August 2022 total of 35,409. August’s total bankruptcy filings represented a '''17 percent increase when compared to the 35,718 total filings recorded in July.'''
* '''Individual bankruptcy''' filings totaled 39,286 in August 2023, also registering an '''18 percent y/y''' increase from the August 2022 33,364 filing total. There were 22,887 individual chapter 7 filings in August, a 21 percent increase versus the 18,851 filings in August 2022, and there were 16,341 individual chapter 13 filings in August, a 13 percent increase over the 14,457 filings the previous year. Total individual filings for August also represented a '''16 percent increase from the July 2023''' filing total of 33,728. Likewise, individual chapter 7s increased 18 percent and chapter 13s increased 15 percent from July.
=== 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.


=== June 2023 ===
=== June 2023 ===
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* 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 ===
== S&P Global ==
''Bankruptcy figures include public companies or private companies with public debt with a minimum of $2 million in assets or liabilities at the time of filing, in addition to private companies with at least $10 million in assets or liabilities. S&P Global Market Intelligence may remove companies from this list if it discovers that their total assets and liabilities do not meet the threshold requirement for inclusion.''
[[File:Screenshot 2023-09-15 112306.png|alt=|center|thumb|754x754px|https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/july-filings-propel-2023-us-corporate-bankruptcy-tally-past-2022-s-total-76838356]]
 
=== August 2023 ===
 
* S&P Global Market Intelligence recorded 459 bankruptcy filings in 2023 as of Aug. 31, more than the full-year totals for 2021 and 2022. The year-to-date figure is also higher than the comparable total for all but two of the prior 13 years.


* 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>
* Fifty-seven companies sought bankruptcy protection in August. While the total was lower than July's 64 filings, it was still markedly above most months in the prior two calendar years.
* '''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 ==
=== '''July 2023''' ===
''Bankruptcy figures include public companies or private companies with public debt with a minimum of $2 million in assets or liabilities at the time of filing, in addition to private companies with at least $10 million in assets or liabilities. S&P Global Market Intelligence may remove companies from this list if it discovers that their total assets and liabilities do not meet the threshold requirement for inclusion.''[[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]]
* 64 corporate bankruptcy filings in July, the largest monthly total since March and more filings than in any single month in 2021 or 2022.
* Filings in the first seven months of 2023 surpassed total filings for the previous year and were nearly on par with 2021's full-year tally.
* Only one company with over $1 billion in liabilities filed for bankruptcy in July, down from four in June. The additional bankruptcy brought the 2023 tally for such filings to 16.
* Companies in the consumer discretionary sector accounted for three filings in July, raising the sector's total to 48. The industrial and healthcare sectors rose by eight to 45 and by seven to 39, respectively, in July.


=== April 2023 ===
=== April 2023 ===
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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.
=== '''July 2023''' ===
* 64 corporate bankruptcy filings in July, the largest monthly total since March and more filings than in any single month in 2021 or 2022.
* Filings in the first seven months of 2023 surpassed total filings for the previous year and were nearly on par with 2021's full-year tally.
* Only one company with over $1 billion in liabilities filed for bankruptcy in July, down from four in June. The additional bankruptcy brought the 2023 tally for such filings to 16.
* Companies in the consumer discretionary sector accounted for three filings in July, raising the sector's total to 48. The industrial and healthcare sectors rose by eight to 45 and by seven to 39, respectively, in July.


== References ==
== References ==
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