Overall New Bankruptcy Filings Flat in June Despite 11% Increase in Commercial Filings

According to Epiq, a global technology-enabled services provider to the legal services industry and corporations, new bankruptcy filings in June were flat, with 34,248 filings across all chapters, marking a 1% drop from the May count of 34,767. Non-commercial consumer filings across all chapters totaled 32,267, down 2% from 32,976 in May.

This June had the lowest number of filings in the month since 2006 in a number of categories, including in all bankruptcy filings, Commercial 7 filings, non-commercial 7 filings, commercial 13 filings and non-commercial 13 filings.

Meanwhile, commercial filings across all chapters were up 11% in June, with a total of 1,981 new filings compared with 1,791 in May.

“New commercial filings increased from May to June; however, commercial filings overall remain down more than 30% year over year," Brad Tuttle, managing director of Epiq Corporate Restructuring, said.

There were 216,910 total new bankruptcy filings across all chapters for the first half of 2021, down 27% from 298,121 in the same period in 2020.