All posts in Bankruptcy Data

Bankruptcy filings continue very close to last year

By | July 27, 2019 | Bankruptcy Data | No comments

Bankruptcy filings continue to be very close to last year’s numbers in the Central District of California.

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 3,057 2,953 3,239 3,731 4,701
Aug 3,337 3,387 3,543 3,544 4,540
Sept 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 18,925 35,961 37,262 39,819 44,880 55,445

The numbers by chapter for the year:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
17,211 1,525 14,672 3,875 189
91% 8% 78% 20% 1%

Central District filings up – a little –

By | June 19, 2019 | Bankruptcy Data | No comments

Total bankruptcy filings have been higher each month this year compared to the same month last year although in some months only slightly higher.  April 2019 was the highest number of filings for April since 2015 although, again, not really significantly higher in real numbers.

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 2,981 3,252 3,545 3,966 4,386
July 3,057 2,953 3,239 3,731 4,701
Aug 3,337 3,387 3,543 3,544 4,540
Sept 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 15,958 35,961 37,262 39,819 44,880 55,445

Filings so far this year in the Central District by chapter.

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
14,493 1,274 12,329 3,275 163
91% 8% 77% 21% 1%

The Northern District of Illinois leads us in total filings for the year.  It has 17,134 total filings.  Next behind us is Northern District of Georgia, 11,871.

Bankruptcy Filings Flat in Jan and Feb, 2019 – Central District

By | March 17, 2019 | Bankruptcy Data | No comments

Bankruptcy filings in the Central District of California were virtually the same for January and February 2019 as the same two months in 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 3,363 3,782 3,923 4,496 5,430
April 3,277 3,209 3,584 4,486 5,364
May 3,226 3,384 3,484 3,971 5,500
June 2,981 3,252 3,545 3,966 4,386
July 3,057 2,953 3,239 3,731 4,701
Aug 3,337 3,387 3,543 3,544 4,540
Sept 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 5,499 35,961 37,262 39,819 44,880 55,445

Breakdown in the cases follows:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
5,042 457 4,233 1,200 66
92% 8% 77% 22% 1%

Think the Bankruptcy Business in California is Slow?

By | January 22, 2019 | Bankruptcy Data | No comments

Total bankruptcy petitions filed in 2018:

Alaska – 441.

Vermont – 545.

Wyoming – 976.

South Dakota – 1068

Highest? Read more…

Bankruptcy Filings in the Central District Down Slightly for 2018

By | January 22, 2019 | Bankruptcy Data | No comments

Total bankruptcy filings in 2018 in the Central District of California was about 3.5% less than the year before.

2018 2017 2016 2015 2014
Jan 2,741 2,839 2,872 3,364 4,704
Feb 2,708 2,795 3,299 3,829 4,574
March 3,363 3,782 3,923 4,496 5,430
April 3,277 3,209 3,584 4,486 5,364
May 3,226 3,384 3,484 3,971 5,500
June 2,981 3,252 3,545 3,966 4,386
July 3,057 2,953 3,239 3,731 4,701
Aug 3,337 3,387 3,543 3,544 4,540
Sept 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 35,961 37,262 39,819 44,880 55,445

A breakdown of the total petitions:

Non-Comm’l Commercial Chapter 7 Chapter 13 Chapter 11
33,012 2,956 27,607 7,946 412
92% 8% 77% 22% 1%

Are you wondering about total “other chapters”?  three (3) which is either chapter 12 or chapter 15.

Central District Bankruptcy filings in October, 2018

By | December 2, 2018 | Bankruptcy Data | No comments

Total bankruptcy filings for October 2018 creeped past filings a year ago.

2018 2017 2016 2015 2014
Jan 2,741 2,839 2,872 3,364 4,704
Feb 2,708 2,795 3,299 3,829 4,574
March 3,363 3,782 3,923 4,496 5,430
April 3,277 3,209 3,584 4,486 5,364
May 3,226 3,384 3,484 3,971 5,500
June 2,981 3,252 3,545 3,966 4,386
July 3,057 2,953 3,239 3,731 4,701
Aug 3,337 3,387 3,543 3,544 4,540
Sept 2,772 3,071 3,168 3,493 4,317
Oct 3,258 3,170 3,235 3,751 4,554
Nov 3,004 3,025 3,531 3,642
Dec 2,416 2,902 2,718 3,733
Total 30,720 37,262 39,819 44,880 55,445

Filings by chapter year to date.

Non-Commercial Commercial Chapter 7 Chapter 13 Chapter 11
28,210 2,517 23,612 6,745 367
92% 8% 77% 22% 1%

Fun Facts:  Total filings so far in 2018, South Dakota, 941; North Dakota 660; Wyoming, 849; Montana, 1046.

Bankruptcy Filings for September, 2018

By | November 3, 2018 | Bankruptcy Data | No comments

Bankruptcy filings were down again a little in September.

2018 2017 2016 2015 2014
Jan 2,741 2,839 2,872 3,364 4,704
Feb 2,708 2,795 3,299 3,829 4,574
March 3,363 3,782 3,923 4,496 5,430
April 3,277 3,209 3,584 4,486 5,364
May 3,226 3,384 3,484 3,971 5,500
June 2,981 3,252 3,545 3,966 4,386
July 3,057 2,953 3,239 3,731 4,701
Aug 3,337 3,387 3,543 3,544 4,540
Sept 2,772 3,071 3,168 3,493 4,317
Oct 3,170 3,235 3,751 4,554
Nov 3,004 3,025 3,531 3,642
Dec 2,416 2,902 2,718 3,733
Total 27,462 37,262 39,819 44,880 55,445

Bankruptcy Filings for August, 2018

By | September 21, 2018 | Bankruptcy Data | No comments

Bankruptcy filings in the central district in August were the highest since March of this year although the variance of the filings each month is not much.

2018 2017 2016 2015 2014
Jan 2,741 2,839 2,872 3,364 4,704
Feb 2,708 2,795 3,299 3,829 4,574
March 3,363 3,782 3,923 4,496 5,430
April 3,277 3,209 3,584 4,486 5,364
May 3,226 3,384 3,484 3,971 5,500
June 2,981 3,252 3,545 3,966 4,386
July 3,057 2,953 3,239 3,731 4,701
Aug 3,337 3,387 3,543 3,544 4,540
Sept 3,071 3,168 3,493 4,317
Oct 3,170 3,235 3,751 4,554
Nov 3,004 3,025 3,531 3,642
Dec 2,416 2,902 2,718 3,733
Total 24,690 37,262 39,819 44,880 55,445

Year to date figures by category:

Non-Commercial Commercial Chapter 7 Chapter 13 Chapter 11
22,674 2,023 18,993 5,388 313
92% 8% 77% 22% 1%

Where Does The Word “Bankruptcy” Come From?

By | September 1, 2018 | Bankruptcy Data, Courts | No comments

There are two possibilities according to BankruptcyData:  the first and most recognized is that “bankruptcy” is a combination of Bancus (latin for bench or table) and Ruptus (broken).  Back in the days a banker would do his trading on an open marketplace bench.  If the banker would no longer be able to meet his obligations then his bench was physically broken as a symbolic gesture to show his failure and inability to negotiate or do business.  This phrase carried over to Italy where the term morphed into “banco rotto” which means broken bank.  The other source of origin for the word is believed to be from the French “banque route” which means a table trace which was a metaphor for a sign left at the banker’s table that was once in business but not is gone.

Bankruptcy Filings Up Slightly in July 2018

By | August 26, 2018 | Bankruptcy Data | No comments

Total bankruptcy filings in July, 2018 was slightly higher than filings a year ago.  Only the third time in almost four years.

2018 2017 2016 2015 2014
Jan 2,741 2,839 2,872 3,364 4,704
Feb 2,708 2,795 3,299 3,829 4,574
March 3,363 3,782 3,923 4,496 5,430
April 3,277 3,209 3,584 4,486 5,364
May 3,226 3,384 3,484 3,971 5,500
June 2,981 3,252 3,545 3,966 4,386
July 3,057 2,953 3,239 3,731 4,701
Aug 3,387 3,543 3,544 4,540
Sept 3,071 3,168 3,493 4,317
Oct 3,170 3,235 3,751 4,554
Nov 3,004 3,025 3,531 3,642
Dec 2,416 2,902 2,718 3,733
Total 21,353 37,262 39,819 44,880 55,445

Filings by chapter year to date in the Central District of California and percent of total.

Non-Commercial Commercial Chapter 7 Chapter 13 Chapter 11
19,631 1,728 16,446 4,654 256
92% 8% 77% 22% 1%
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