All posts in Bankruptcy Data

Bankruptcy filings from years past

I found an old chart I made several years ago.  Central District total petitions filed by month.l  My how times have changed.

Central District of California
2008 2009 2010 2011
Jan 3,694 6,004 9,013 10,868
Feb 3,787 6,971 9,659 10,631
March 4,381 8,529 12,840 13,543
April 5,023 8,512 12,114 12,087
May 5,177 8,967 11,906 11,669
June 5,351 9,595 12,190 11,718
July 5,983 9,894 12,737 10,418
Aug 6,195 9,748 12,720 11,496
Sept 6,290 9,214 12,412 10,006
Oct 6,364 10,322 11,753 9,887
Nov 6,029 9,462 10,900 9,099
Dec 6,615 9,864 10,925 9,089
64,889 107,082 139,169 130,511

Bankruptcy filings in the Central District in February 2020

Filings in February compared to last three months and compared to Feb in last three years are all within couple % of each other.

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 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 5,609 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
5,110 501 4,285 1,256 69
91% 9% 76% 22% 1%

“Commercial” I believe means a corporate type entity.  That means there have been more than 400 corporate chapter 7s.  I’m always surprised there are any much less that many.

Bankruptcy filings up slightly in January 2020

Total bankruptcy filings in the Central District of California in January.

2020 2019 2018 2017 2016 2015 2014
Jan 2,828 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,754 2,708 2,795 3,299 3,829 4,574
March 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 2,828 37,117 35,961 37,262 39,819 44,880 55,445

Filings by chapter in January 2020.

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
2,581 247 2,125 671 32
91% 9% 75% 24% 1%

Highest district in the country?  Northern District of Illinois, i.e., Chicago with 3,195 of which 1,259 were chapter 13s and 13 were chapter 11s.  Next after us is Northern District of Georgia with 2,568 – of that 1,316 were chapter 13s, twice as many as us.  Lowest filings in January?  Wyoming with 34 (total filings) and Alaska with 38.

Bankruptcy filings up for the year 2019 Central District of California (a little)

Total filings in December were slightly higher than the previous two years.  Total filings for 2019 were up about 3% over 2018 and virtually the same as 2017.

2019 2018 2017 2016 2015 2014
Jan 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,754 2,708 2,795 3,299 3,829 4,574
March 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 37,117 35,961 37,262 39,819 44,880 55,445

Filings by chapter for 2019:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
33,880 3,053 28,880 7,690 362
91% 8% 78% 21% 1%

Filings by chapter for 2018:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
33,003 2,967 27,608 7,947 412
89% 8% 74% 21% 1%

 

Bankruptcy filings fall a little in November 2019

Bankruptcy filings in the Central District of California dropped a little from last month and last year.

2019 2018 2017 2016 2015 2014
Jan 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,754 2,708 2,795 3,299 3,829 4,574
March 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 2,419 2,416 2,902 2,718 3,733
Total 34,394 35,961 37,262 39,819 44,880 55,445

Filings by chapter for the year:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
31,385 2,822 26,785 7,081 340
91% 8% 78% 21% 1%

Bankruptcy filings in the Central District slowly continue upward

The numbers and the increases are small in real terms but October 2019 had the highest number of petitions in October since 2015.

2019 2018 2017 2016 2015 2014
Jan 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,754 2,708 2,795 3,299 3,829 4,574
March 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 2,821 3,004 3,025 3,531 3,642
Dec 2,419 2,416 2,902 2,718 3,733
Total 31,758 35,961 37,262 39,819 44,880 55,445

Here is the breakdown for the year by chapter.

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
28,954 2,617 24,724 6,537 310
91% 8% 78% 21% 1%

 

New Median Income numbers starting November 1, 2019

For household size of 1, 2, 3 and 4

CALIFORNIA $59,286 $77,860 $86,665 $99,512

 

Bankruptcy filings increase in September, 2019 – a little

Filings for September, 2019 were a little lower than August but a little higher than September 2018.

2019 2018 2017 2016 2015 2014
Jan 2,745 2,741 2,839 2,872 3,364 4,704
Feb 2,754 2,708 2,795 3,299 3,829 4,574
March 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 3,259 3,170 3,235 3,751 4,554
Nov 2,821 3,004 3,025 3,531 3,642
Dec 2,419 2,416 2,902 2,718 3,733
Total 28,403 35,961 37,262 39,819 44,880 55,445

We are actually about 3.5% ahead of 2018 through September – 28,403 compared to 27,462 for 2018.

Filings year-to-date by chapter in the Central District.

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
25,891 2,325 22,100 5,840 276
91% 8% 78% 21% 1%

 

Bankruptcy filings in the Central District of California – 2018

Reading the Central District Annual Report for 2018 on the subway.  What caught my eye was the filings by division for calendar year 2018.  Riverside filings are 71% of downtown filings – Riverside 11,191 to LA 15,670.  Riverside had more cases filed than Santa Ana, San Fernando Valley and Santa Barbara combined.   Filings in Santa Barbara are two-thirds the filings in the San Fernando Valley.

LA 15,670
SFV 3,243
Riv 11,191
SA 4,881
SB 2,207
Total 37,192

What portion you say of the total filings were chapter 13?

13
LA 15,670 3,767 24%
SFV 3,243 807 25%
Riv 11,191 2,373 21%
SA 4,881 882 18%
SB 2,207 418 19%
Total 37,192 8,247          22%

I would love to know what portion of those were confirmed.  This data tells us that Nancy Curry and Kathy Dockery split 3,767 cases (1,887 each); Rod Danielson got 2,373; Amrane Cohen, 882 and Liz Rojas, 1,225.

By the way, pro per filings were 16.4% of the total.  It was my impression that that number was much higher – in the 25-30% range.

 

Supreme Court Stat Pack available at Scotusblog

If you are a numbers nerd, be prepared to blow an hour just scrolling through the 46 pages of numbers.  You can get the final package for the last term here.

One statistic I found intriguing is the makeup of the 5-4 decisions.  Last term 20 cases were decided 5-4.  That is out of 66 cases in total – so 28% of the total.  You would think that the 5-4 decisions were all the five “conservatives” v. the four “liberals.”  But that was the lineup on only seven of the 20.  Justice Gorsuch voted with the four liberals in four cases to make the 5-4 majority.  Justice Roberts voted with the four liberals in two cases.  Justice Thomas and Justice Ginsburg were on the same side in three of the 5-4 cases!  Thomas and Sotomayor were on the same side in two of the 5-4 cases.

Another stat that jumps out at me is that Justice Kavenaugh voted with the majority 89% of the time.   He and Roberts voted together 92% of the time.

I better get to work.  Have fun.