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News Stories (81 Results) - Bankruptcy

Commercial chapter 11 filings increased 12 percent in November 2017 over November of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11s totaled 433 in November 2017, up from the 386 commercial chapter 11s in November... Read Story
December 06, 2017, 08:00 AM


Total U.S. bankruptcy filings increased 2 percent in October 2017 over October of last year, according to data provided by Epiq Systems, Inc. Filings totaled 64,579 in October 2017, up slightly from the October 2016 total of 63,082. Consumer... Read Story
November 06, 2017, 07:07 AM


Commercial chapter 11 filings totaled 425 in September, a 16 percent increase over September 2016’s total of 365 filings, according to data provided by Epiq Systems, Inc. Overall business filings decreased to 2,854 filings in September, a 12 percent... Read Story
October 04, 2017, 07:10 AM


Commercial chapter 11 filings totaled 426 in August, a 29 percent increase over July’s total of 331 filings, according to data provided by Epiq Systems, Inc. Overall business filings also increased as the 3,255 filings were 13 percent more than... Read Story
September 08, 2017, 07:15 AM


Total U.S. bankruptcy filings decreased 8 percent in July 2017 from June, according to data provided by Epiq Systems, Inc. Total filings registered 61,366 in July 2017, down from the June 2017 total of 66,789. The 58,522 consumer filings in July also... Read Story
August 04, 2017, 07:10 AM


Total U.S. bankruptcy filings increased 5 percent in May 2017 over May of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 69,668 in May 2017, up from the May 2016 total of 66,138. The 66,096 consumer bankruptcy... Read Story
June 07, 2017, 07:12 AM


Total U.S. bankruptcy filings fell nearly 4 percent in April 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 67,670 in April, down 3.96 percent from the 70,457 filings reported in April... Read Story
May 05, 2017, 07:05 AM


The results of the “National Study of Individual Chapter 11 Bankruptcies,” commissioned by the ABI Endowment Fund, found that individuals account for more than a quarter of chapter 11 bankruptcy filings, and that this share has grown over time. The... Read Story
April 17, 2017, 07:12 AM


Total U.S. bankruptcy filings fell slightly in the first calendar quarter (Jan. 1 - March 31) of 2017 from the same period in 2016, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 195,199 in the first quarter of 2017, down... Read Story
April 10, 2017, 07:04 AM


Total U.S. bankruptcy filings decreased 10 percent in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 58,336 in February 2017, down from the February 2016 total of 64,712. Consumer... Read Story
March 08, 2017, 07:10 AM


Total U.S. bankruptcy filings increased 5 percent in January 2017 from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 55,212 in January 2017, up from the January 2016 total of 52,560. With the... Read Story
February 06, 2017, 07:07 AM


Total commercial filings during calendar year 2016 (Jan. 1-Dec. 31) were 37,771, a 26 percent increase from the 29,920 filings for 2015, according to data provided by Epiq Systems, Inc. There were 5,438 commercial chapter 11s filings during calendar... Read Story
January 06, 2017, 07:09 AM


Total U.S. commercial bankruptcy filings increased 26 percent in November 2016 over November of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,908 in November 2016, up from the November 2015 total of 2,311.... Read Story
December 06, 2016, 07:10 AM


Total U.S. commercial bankruptcy filings increased 21 percent in October 2016 over October of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,023 in October 2016, up from the October 2015 total of 2,491.... Read Story
November 04, 2016, 07:10 AM


U.S. commercial bankruptcy filings during the first nine months of the year increased 28 percent to 28,789 over the 22,444 filings during the same period in 2015, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings rose... Read Story
October 06, 2016, 07:16 AM


Total U.S. commercial bankruptcy filings increased 28 percent in August 2016 over August of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,199 in August 2016, up from the August 2015 total of 2,491. August is... Read Story
September 08, 2016, 07:12 AM


Total U.S. commercial bankruptcy filings increased 10 percent in July 2016 over July of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 2,922 in July 2016, up from the July 2015 total of 2,661. July is the ninth... Read Story
August 08, 2016, 07:14 AM


Total commercial filings during the first six months of the year (Jan. 1-June 30) increased 29 percent to 19,470 over the 15,071 total commercial filings during the same period in 2015, according to data provided by Epiq Systems, Inc. Commercial... Read Story
July 07, 2016, 07:11 AM


Total U.S. commercial bankruptcy filings increased 32 percent in May 2016 over May of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,358 in May 2016, up from the May 2015 total of 2,550. May is the seventh... Read Story
June 03, 2016, 07:12 AM


Total U.S. commercial bankruptcy filings increased 32 percent in April 2016 over April of last year, according to data provided by Epiq Systems, Inc. Commercial filings totaled 3,482 in April 2016, up from the April 2015 total of 2,641. April is the... Read Story
May 05, 2016, 07:11 AM


Total U.S. bankruptcy filings fell 5 percent in the first calendar quarter (Jan. 1 - March 31) of 2016 from the same period in 2015, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 195,565 in the first quarter of 2016... Read Story
April 08, 2016, 07:00 AM


Total U.S. bankruptcy filings decreased just 1 percent in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 64,662 in February 2016, down slightly from the February 2015 total of... Read Story
March 08, 2016, 07:18 AM


Total U.S. bankruptcy filings decreased 11 percent in January from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 52,522 in January 2016, down from the January 2015 total of 59,092. Consumer... Read Story
February 05, 2016, 07:08 AM


Total bankruptcy filings totaled 819,240 nationwide for calendar year 2015 (Jan. 1-Dec. 31), a 10 percent decrease from the 910,397 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 789,222 total... Read Story
January 08, 2016, 07:12 AM


Total bankruptcy filings in the United States increased 5 percent in November 2015 from November of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 65,511 in November 2015, up from the November 2014 total of... Read Story
December 04, 2015, 07:25 AM


Total bankruptcy filings in the United States decreased 11 percent in October 2015 from October of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 70,211 in October 2015, down from the October 2014 total of... Read Story
November 04, 2015, 08:00 AM


U.S. bankruptcy filings totaled 629,570 during the first nine months of 2015 (Jan. 1-September 30), an 11 percent decrease from the 705,728 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 607,182... Read Story
October 08, 2015, 07:05 AM


Total commercial chapter 11 filings in the United States increased 48 percent in August 2015 over August of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings increased to 531 filings in August 2015 from the 360... Read Story
September 04, 2015, 08:06 AM


Total commercial chapter 11 filings in the United States increased 77 percent in July 2015 over July of last year, according to data provided by Epiq Systems, Inc. Commercial chapter 11 filings increased to 637 filings in July 2015 from the 359... Read Story
August 07, 2015, 07:11 AM


Total bankruptcy filings totaled 422,782 nationwide during the first six months of 2015 (Jan. 1-June 30), a 12 percent decrease from the 479,573 total filings reported during the same period a year ago, according to data provided by Epiq Systems, Inc... Read Story
July 09, 2015, 07:00 AM


Total bankruptcy filings totaled 910,090 nationwide for calendar year 2014 (Jan. 1-Dec. 31), a 12 percent decrease from the 1,032,572 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 875,635 total... Read Story
January 07, 2015, 06:59 AM


Total bankruptcy filings in the U.S. for November 2014 decreased 16 percent compared to the previous year, according to data provided by Epiq Systems, Inc. November bankruptcy filings totaled 62,403, down from the 74,070 filings registered in... Read Story
December 08, 2014, 06:00 AM


Total bankruptcy filings in the United States decreased 12 percent in October 2014 from October of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 78,957 in October 2014, down from the October 2013 total of... Read Story
November 06, 2014, 07:10 AM


Total bankruptcy filings totaled 705,452 nationwide during the first nine months of 2014 (Jan. 1-September 30), a 12 percent decrease from the 801,989 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc.... Read Story
October 06, 2014, 06:33 AM


Total bankruptcy filings in the United States decreased 16 percent in August 2014 over August of last year, according to data provided by Epiq Systems, Inc., the largest year-over-year drop thus far in 2014. Bankruptcy filings totaled 75,170 in... Read Story
September 08, 2014, 06:16 AM


Total bankruptcy filings in the United States decreased 12 percent in July 2014 over July of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 77,469 in July 2014, down from the July 2013 total of 87,746. Consumer... Read Story
August 06, 2014, 06:36 AM


Total bankruptcy filings totaled 479,362 nationwide during the first six months of 2014 (Jan. 1-June 30), a 12 percent decrease from the 544,561 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 460... Read Story
July 07, 2014, 06:30 AM


Total bankruptcy filings in the United States decreased 11 percent in May 2014 over May of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 85,664 in May 2014, down from the May 2013 total of 96,495. Consumer... Read Story
June 05, 2014, 06:30 AM


Total bankruptcy filings in the United States decreased 13 percent in April 2014 over April of last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 87,954 in April 2014, down from the April 2013 total of 100,770.... Read Story
May 07, 2014, 06:45 AM


Total bankruptcy filings in the United States decreased 12 percent in the first calendar quarter (Jan. 1 - March 31) of 2014 from the same period in 2013, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 231,647 in the... Read Story
April 04, 2014, 06:50 AM


Total bankruptcy filings in the United States decreased 12 percent in February over the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 72,193 in February 2014, down 12 percent from the February 2013... Read Story
March 06, 2014, 06:38 AM


Total bankruptcy filings in the United States decreased 13 percent in January from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 68,153 in January 2014, down from the January 2013 total of... Read Story
February 07, 2014, 07:00 AM


The Brownsville Herald reported Brownsville Doctor’s Hospital filed for Chapter 7 bankruptcy on Dec. 11, 2013, halting a civil lawsuit filed against it by Key Equipment Finance. According to the report, Key Equipment Finance filed an emergency motion... Read Story
January 21, 2014, 07:00 AM


Bankruptcy filings totaled 1,032,326 nationwide for calendar year 2013 (Jan. 1-Dec. 31), a 13 percent decrease from the 1,186,137 total filings in calendar year 2012, according to data provided by Epiq Systems, Inc. The 988,215 total noncommercial... Read Story
January 07, 2014, 07:00 AM


Total bankruptcy filings in the U.S. for November 2013 decreased 15 percent compared to the previous year, according to data provided by Epiq Systems, Inc. November bankruptcy filings totaled 74,021, down from the 87,090 filings registered in... Read Story
December 05, 2013, 06:36 AM


Total U.S. bankruptcy filings for the month of October increased 11 percent compared to September, according to data provided by Epiq Systems, Inc. October bankruptcy filings totaled 89,875, up from the 80,668 filings registered in September 2013.... Read Story
November 06, 2013, 06:59 AM


Total bankruptcy filings were 801,783 nationwide during the first nine months of 2013 (Jan. 1-September 30), a 13 percent decrease from the 921,927 total filings recorded during the same period a year ago, according to data provided by Epiq Systems... Read Story
October 04, 2013, 07:00 AM


Total bankruptcy filings in the United States for August 2013 decreased 15 percent compared to the previous year, according to data provided by Epiq Systems, Inc. August bankruptcy filings totaled 88,902, down from the 104,471 filings registered in... Read Story
September 06, 2013, 07:05 AM


Total bankruptcy filings in the United States for July 2013 decreased 10 percent compared to the previous year, according to data provided by Epiq Systems, Inc. July bankruptcy filings totaled 87,684, down from the 97,287 filings registered in July... Read Story
August 06, 2013, 07:00 AM


Reuters reported Detroit filed the largest municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors. According to the Reuters report, the bankruptcy, if approved by a federal judge, would force... Read Story
July 19, 2013, 07:04 AM


Total bankruptcy filings totaled 544,390 nationwide during the first six months of 2013 (Jan. 1-June 30), a 14 percent decrease from the 632,541 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 520... Read Story
July 08, 2013, 06:54 AM


Total bankruptcy filings in the United States decreased 12 percent in May over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 96,430 in May 2013, down from the May 2012 total of 109,538. Consumer filings... Read Story
June 06, 2013, 06:55 AM


Total bankruptcy filings in the United States decreased 8 percent in April over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 100,702 in April 2013, down from the April 2012 total of 108,996. Consumer filings... Read Story
May 06, 2013, 07:10 AM


Total bankruptcy filings in the United States decreased 16 percent in the first calendar quarter (Jan. 1 - March 31) of 2013 from the same period in 2012, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 263,516 in the... Read Story
April 04, 2013, 07:06 AM


Total bankruptcy filings in the United States decreased 21 percent in February over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 82,285 in February 2013, down from the February 2012 total of 104,537. Consumer... Read Story
March 06, 2013, 07:16 AM


Beechcraft, formerly Hawker Beechcraft, announced it has formally emerged from the Chapter 11 process as a new company well-positioned to compete vigorously in the worldwide business aviation, special mission, trainer and light attack markets.The... Read Story
February 19, 2013, 07:05 AM


Total bankruptcy filings in the United States decreased 11 percent in January over last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 78,471 in January 2013, down from the January 2012 total of 88,028. Consumer... Read Story
February 06, 2013, 06:58 AM


Total bankruptcy filings totaled 1,185,328 nationwide for calendar year 2012 (Jan. 1-Dec. 31), a 14 percent decrease from the 1,379,658 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. The 1,127,540... Read Story
January 07, 2013, 07:25 AM


Total bankruptcy filings in the U.S. for November 2012 decreased 12 percent compared to the previous year, according to data provided by Epiq Systems, Inc. November bankruptcy filings totaled 86,946, down from the 98,534 filings registered in... Read Story
December 06, 2012, 06:26 AM


Total bankruptcy filings in the United States for the month of October increased 16% compared to September, according to data provided by Epiq Systems, Inc. October bankruptcy filings totaled 101,278, up from the 87,522 filings registered in... Read Story
November 06, 2012, 07:04 AM


The Las Vegas Review-Journal reported Ahern Rentals Inc. will retain sole control of its Chapter 11 bankruptcy case for another month amid continuing friction with lenders, although a judge indicated on Wednesday that would be the end.According to... Read Story
November 01, 2012, 07:13 AM


Total bankruptcy filings totaled 921,219 nationwide during the first nine months of 2012 (Jan. 1-September 30), a 14 percent decrease from the 1,073,021 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc.... Read Story
October 09, 2012, 07:49 AM


Total bankruptcy filings in the United States for the month of August increased 7% compared to July, according to data provided by Epiq Systems, Inc. August bankruptcy filings totaled 104,336, up from the 97,104 filings registered in July 2012. The... Read Story
September 07, 2012, 06:42 AM


According to an article posted on the Fitch web site, Fitch believes the city of Syracuse's objective for requesting a legal expert's opinion on municipal bankruptcy is only informational and it is unlikely that the city will pursue bankruptcy in the... Read Story
August 10, 2012, 07:00 AM


Leslie A. Berkoff, a partner at the Garden City and New York City law firm of Moritt Hock & Hamroff LLP, announced the release of the American Bankruptcy Institute’s (ABI) Health Care Insolvency Manual, Third Edition. Ms. Berkoff served as Co-Editor... Read Story
August 09, 2012, 07:05 AM


Total bankruptcy filings in the United States for July 2012 decreased 12 percent compared to the previous year, according to data provided by Epiq Systems, Inc. July bankruptcy filings totaled 97,073, down from the 110,173 filings registered in July... Read Story
August 06, 2012, 07:48 AM


A report posted by the National Association of Credit Management says that the Stockton, CA Chapter 9 filing was not alone, as now two more California communities have decided to take the path of municipal bankruptcy. According to the report... Read Story
July 13, 2012, 07:10 AM


Total bankruptcy filings totaled 632,130 nationwide during the first six months of 2012 (Jan. 1-June 30), a 14% decrease from the 731,500 total filings during the same period a year ago, according to data provided by Epiq Systems, Inc. Total... Read Story
July 06, 2012, 07:30 AM


PennLive reported a federal judge ruled against the Harrisburg Authority in its multimillion dollar battle against CIT Capital in U.S. Middle Court related to the city's botched incinerator refit project. According to the report, the authority and... Read Story
June 28, 2012, 06:40 AM


Total bankruptcy filings in the United States for May 2012 decreased 11% compared to the previous year, according to data provided by Epiq Systems, Inc. May bankruptcy filings totaled 109,392, down from the 122,836 filings registered in May... Read Story
June 06, 2012, 08:00 AM


Total bankruptcy filings in the United States decreased 12% in the first calendar quarter (Jan. 1 – March 31) of 2012 from the same period in 2011, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 314,583 in the first... Read Story
April 06, 2012, 08:30 AM


An article in the April edition of the ABI Journal proposes that changes be made to the Bankruptcy Code to allow for a “structured dismissal,” as well as a joint plan and disclosure statement process to maximize distributions to unsecured creditors.... Read Story
April 06, 2012, 07:00 AM


Reuters reported CIT Group has asked a federal judge to approve a $75 million settlement proposal with former CIT shareholders in a class-action securities fraud lawsuit over actions preceding the large commercial lender's 2009 bankruptcy.According... Read Story
March 14, 2012, 06:15 AM


An article in the March edition of the ABI Journal concludes that the continued decline of middle-market businesses bankruptcies is no longer a trend, but instead a permanent shift to the way insolvency situations are managed in the current and... Read Story
March 06, 2012, 07:30 AM


The American Bankruptcy Institute reported total commercial bankruptcy filings for January 2012 fell 20 percent to 4,967 from 6,203 recorded in January 2011.  The total January 2012 commercial filings dropped 10 percent from the 5,496 filings in... Read Story
February 06, 2012, 07:00 AM


A majority of respondents in a recent American Bankruptcy Institute Quick Poll believe that business bankruptcy filings will increase by more than 10% in 2012. 68% agree (31% “strongly agreed” and 37% “somewhat agreed”) that business filings will... Read Story
January 20, 2012, 06:30 AM


American Bankruptcy Institute released a report indicating total bankruptcy filings in the United States decreased 12% in 2011 over calendar year 2010, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 1,379,113 for the... Read Story
January 05, 2012, 07:00 AM


NASDAQ reported equipment renter Ahern Rentals Inc. can begin utilizing a $350 million bankruptcy loan from its big-bank lenders, primarily to pay off some of its debt. According to the report, Judge Bruce Beesley of U.S. Bankruptcy Court in Reno... Read Story
December 30, 2011, 07:00 AM


An article in the November edition of the ABI Journal examines a recent split in circuit courts over the issue of credit-bidding in asset sales through liquidating reorganization plans, and how the issue is now ripe for Supreme Court consideration.... Read Story
December 12, 2011, 06:30 AM


The American Bankruptcy Institute reported the total number of U.S. bankruptcies filed during fiscal year 2011 (September 30, 2010-September 30, 2011) dropped 8 percent over fiscal year 2010 (September 30, 2009-September 30, 2010), according to data... Read Story
November 10, 2011, 07:30 AM


Bloomberg reported that Jefferson County, Alabama declared the largest municipal bankruptcy in U.S. history. The filing came after state lawmakers failed to back a September agreement with creditors led by JPMorgan Chase that would have reduced its... Read Story
November 10, 2011, 06:30 AM