All posts in Bankruptcy Data

November filings in Central District drop 22% from last month and 35% from last year.

November filings dropped to 1,730 compared to 2,210 in October, or 22% fewer filings than last month.  The filings were lower than November a year ago by 35%.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 1,669 3,631 3,277 3,209 3,584 4,486 5,364
May 2,080 3,347 3,226 3,384 3,484 3,971 5,500
June 2,257 2,967 2,981 3,252 3,545 3,966 4,386
July 2,415 3,270 3,057 2,953 3,239 3,731 4,701
Aug 2,355 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,169 2,934 2,772 3,071 3,168 3,493 4,317
Oct 2,210 3,355 3,259 3,170 3,235 3,751 4,554
Nov 1,730 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 25,230 37,117 35,961 37,262 39,819 44,880 55,445

Filings by chapter for the 11 months this year.

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
22,960 2,274 21,566 3,384 280
91% 9% 85% 13% 1%

 

Chapter 11 filings in the Central District of California – October 2020

There were 17 chapter 11s filed in the cacb in October 2020.  Of those, 9 elected to be treated as a Sub V small business case.  By division, SFV 4; LA 6; Riverside 4; Santa Ana 3, SB 0.

October 2020 filings flat again

We had 41 more petitions filed in October than in September and more than 1,100 or  34% fewer than October a year ago.  If we figure 2,500 filings each in November and December, we are looking at a total of 28,500 for 2020 or 22% fewer than last year.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 1,669 3,631 3,277 3,209 3,584 4,486 5,364
May 2,080 3,347 3,226 3,384 3,484 3,971 5,500
June 2,257 2,967 2,981 3,252 3,545 3,966 4,386
July 2,415 3,270 3,057 2,953 3,239 3,731 4,701
Aug 2,355 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,169 2,934 2,772 3,071 3,168 3,493 4,317
Oct 2,210 3,355 3,259 3,170 3,235 3,751 4,554
Nov 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 23,500 37,117 35,961 37,262 39,819 44,880 55,445

Filings by chapter year to date:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
21,390 2,114 20,012 3,225 263
91% 9% 85% 14% 1%

 

September filings flat again

September bankruptcy filings in the Central District of California were slightly less than last month, but 26% less than last year.   Third lowest total this year.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 1,669 3,631 3,277 3,209 3,584 4,486 5,364
May 2,080 3,347 3,226 3,384 3,484 3,971 5,500
June 2,257 2,967 2,981 3,252 3,545 3,966 4,386
July 2,415 3,270 3,057 2,953 3,239 3,731 4,701
Aug 2,355 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,169 2,934 2,772 3,071 3,168 3,493 4,317
Oct 3,355 3,259 3,170 3,235 3,751 4,554
Nov 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 21,290 37,117 35,961 37,262 39,819 44,880 55,445

Filings by chapter for the full year 2020:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
19,377 1,917 18,017 3,029 244
91% 9% 85% 14% 1%

August filings flat again in the Central District of California

For August, I could almost repost my July report of the filings in the Central District of California.  Total filings in August, 2355 compared to 2415 in July.  That was 28% fewer than August last year.  July was 26% fewer than last year.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 1,669 3,631 3,277 3,209 3,584 4,486 5,364
May 2,080 3,347 3,226 3,384 3,484 3,971 5,500
June 2,257 2,967 2,981 3,252 3,545 3,966 4,386
July 2,415 3,270 3,057 2,953 3,239 3,731 4,701
Aug 2,355 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,934 2,772 3,071 3,168 3,493 4,317
Oct 3,355 3,259 3,170 3,235 3,751 4,554
Nov 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 19,121 37,117 35,961 37,262 39,819 44,880 55,445

Filings by chapter so far this year, cacb:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
17,424 1,701 16,090 2,817 215
91% 9% 84% 15% 1%

 

Bankruptcy filings down again in July 2020

Sounds like groundhog day!  Total filings in the Central District were 158 more than June but 26% lower than July 2019.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 1,669 3,631 3,277 3,209 3,584 4,486 5,364
May 2,080 3,347 3,226 3,384 3,484 3,971 5,500
June 2,257 2,967 2,981 3,252 3,545 3,966 4,386
July 2,415 3,270 3,057 2,953 3,239 3,731 4,701
Aug 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,934 2,772 3,071 3,168 3,493 4,317
Oct 3,355 3,259 3,170 3,235 3,751 4,554
Nov 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 16,766 37,117 35,961 37,262 39,819 44,880 55,445

There were 23 chapter 11s, 255 chapter 13s and the rest were chapter 7.

Filings by chapter for the year:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
15,273 1,496 14,004 2,585 178
91% 9% 84% 15% 1%

June 2020 Central District filings up a little, compared to May.

June bankruptcy filings increased 8.5% over May but were still 24% lower than a year ago.  For five of the last six years before 2020, filings in June were lower than May.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 1,669 3,631 3,277 3,209 3,584 4,486 5,364
May 2,080 3,347 3,226 3,384 3,484 3,971 5,500
June 2,257 2,967 2,981 3,252 3,545 3,966 4,386
July 3,270 3,057 2,953 3,239 3,731 4,701
Aug 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,934 2,772 3,071 3,168 3,493 4,317
Oct 3,355 3,259 3,170 3,235 3,751 4,554
Nov 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 14,351 37,117 35,961 37,262 39,819 44,880 55,445

Total filings for the year by chapter are:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
13,071 1,283 11,867 2,330 155
91% 9% 83% 16% 1%

There were 31 chapter 11 cases filed in June.  That is what I’m keeping my eye on.

 

Bankruptcy filings down again in May 2020 – Central District of California

Another huge drop in the number of filings in May compared to a year ago.  The filings were down 38% compared to last May although about 24% higher than April.  The drop from a year ago for May is less than the 54% drop from April to year ago April.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 1,669 3,631 3,277 3,209 3,584 4,486 5,364
May 2,080 3,347 3,226 3,384 3,484 3,971 5,500
June 2,967 2,981 3,252 3,545 3,966 4,386
July 3,270 3,057 2,953 3,239 3,731 4,701
Aug 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,934 2,772 3,071 3,168 3,493 4,317
Oct 3,355 3,259 3,170 3,235 3,751 4,554
Nov 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 12,094 37,117 35,961 37,262 39,819 44,880 55,445

The total filings by category for this year is:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
11,026 1,071 9,894 2,077 124
91% 9% 82% 17% 1%

 

Central District bankruptcy filings plummet in April 2020

Petitions filed in the Central District fell by 56% vs last April and by 39% vs last month.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 1,669 3,631 3,277 3,209 3,584 4,486 5,364
May 3,347 3,226 3,384 3,484 3,971 5,500
June 2,967 2,981 3,252 3,545 3,966 4,386
July 3,270 3,057 2,953 3,239 3,731 4,701
Aug 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,934 2,772 3,071 3,168 3,493 4,317
Oct 3,355 3,259 3,170 3,235 3,751 4,554
Nov 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 10,014 37,117 35,961 37,262 39,819 44,880 55,445

Filings by category year to date is:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
9,128 889 8,009 1,899 107
91% 9% 80% 19% 1%

Some interesting stuff in this month’s statistics.  The entire state of New York (four districts) had 1,201 filings.  The southern district of New York has 304 chapter 11s so far this year compared to our 107.

The entire state of Texas (four districts) had 1,840 total filings in April.  The southern district of Texas has had 384 chapter 11s so far this year.

The eastern district of Virginia had 943 total filings in April and only 26 chapter 11s this whole year and yet that is where J. Crew just filed.

Delaware has had 1,038 total filings this year of which 388 of those were chapter 11.  The state has had 424 chapter 7s and 221 chapter 13s this year.

Bankruptcy filings fall slightly in March, 2020

Total bankruptcy filings in the central district fell slightly in March, compared to February.  March typically sees a jump from February.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,781 2,754 2,708 2,795 3,299 3,829 4,574
March 2,736 3,481 3,363 3,782 3,923 4,496 5,430
April 3,631 3,277 3,209 3,584 4,486 5,364
May 3,347 3,226 3,384 3,484 3,971 5,500
June 2,967 2,981 3,252 3,545 3,966 4,386
July 3,270 3,057 2,953 3,239 3,731 4,701
Aug 3,274 3,337 3,387 3,543 3,544 4,540
Sept 2,934 2,772 3,071 3,168 3,493 4,317
Oct 3,355 3,259 3,170 3,235 3,751 4,554
Nov 2,636 2,821 3,004 3,025 3,531 3,642
Dec 2,723 2,419 2,416 2,902 2,718 3,733
Total 8,345 37,117 35,961 37,262 39,819 44,880 55,445

Filings by chapter cumulatively so far this year is:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
7,603 744 6,524 1,725 96
91% 9% 78% 21% 1%

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