Tag Archives: Epiq Systems

July's total of 71,820 bankruptcy filings nationwide represented in jump of 2,069 from June's total of 69,723. Filings declined by 7.4 percent year-over-year in July, however, down from 77,532 in July 2014. Average filings per day over the 22 filing days in July rose by nearly 100 from June, from 3,171 up to 3,265.

Bankruptcy filings in June 2015 experienced only a slight month-over-month increase despite having two more filing days in June than in May, according to June 2015 AACER bankruptcy data reported by Epiq Systems. In June 2015, there were 69,723 total bankruptcy filings, an increase of only 412 (only about half of 1 percent) from May's total of 69,311, despite June having 22 filing days compared to 20 for May.

In May 2015, there were 69,286 total bankruptcy filings, down from May 2014's total of 85,711. May 2015's total also represented a month-over-month decline from April's total of 77,884, although there were two fewer filing days in May (20) than there were in April (22). Had filings continued at their May rate of 3,464 filings per day for two more days, May's total of filings would have been less than 2,000 fewer than April's.

Both the total bankruptcy filings for April and that average filings per day declined from March in the same number of filing days, continuing a trend that has been ongoing since the height of the financial crisis in 2010, according to April 2015 AACER bankruptcy data reported by Epiq Systems. In April, there were 77,884 total bankruptcy filings, down from March's total of 81,622 in the same number of filing days (22) during the month. April totaled 3,540 filings per day, compared with 3,712 in March.

The total number of bankruptcy filings year-to-date for the first three months of 2015 is 205,703, compared to 231,839 for the first three months of 2014. The average number of filings per month for the first three months of 2015 is 68,258, down from 2014's monthly average of 75,840. The state with the most cumulative filings year-to-date is California with 20,984, followed by Illinois at 15,031. Florida was a close third at 14,361.

While bankruptcy filings nationwide in February continued their trend of year-over-year decline since the foreclosure crisis peaked in 2010, the number of filings rose slightly from January to February, according to AACER bankruptcy data reported by Epiq Systems. While February featured one fewer filing day than January did (19 compared to 20), bankruptcy filings nationwide totaled 65,002 for February, up from 59, 050 in January (an increase of 10 percent).

Bankruptcy filings in the U.S. finished an up and down year with a slight month-over-month increase in December, but were down overall year-to-date, according to AACER bankruptcy data reported by Epiq Systems. The number of bankruptcy filings nationwide crept up from 62,417 in November to 63,090 in December, a 1 percent increase.