News & Press: Newswire

Bankruptcy Filings for 2017 “Flattened Out”

Thursday, January 25, 2018   (0 Comments)
Posted by: Amy Tieperman
Share |

Bankruptcy Filings for 2017 “Flattened Out”

          The latest figures from the Administrative Office of the U.S. Courts show that for the 12 month period ending December 31, 2017, bankruptcy filings (789,020 cases filed) were down 0.7% from 2016 (794,960 cases filed).  While this is the smallest 12 month percentage decline, records show that this is the lowest number of bankruptcy filings for any calendar year since 2006.   However, the American Bankruptcy Institute predicts that as borrowing begins to rise again, so will bankruptcy filings.

          The total case filings broken down by Chapter show that 2017 had 486,347 Chapter 7 filings; 7,442 Chapter 11 filings; 501 Chapter 12 filings; and 294,637 Chapter 13 filings.  


    Commercial Law League of America

    3005 Tollview Drive
    Rolling Meadows, IL 60008

    Phone: (312) 240-1400
    Fax: (847) 584-3939