Epiq released its June 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. New filings in June were flat with 34,248 across all chapters, a 1 percent drop from the May count of 34,767. Non-commercial consumer filings across all chapters totaled 32,267, down 2 percent from 32,976 in May.
This month is the lowest June filings since 2006 for the following:
- All bankruptcy filings
- Commercial 7s
- Non-commercial 7s
- Commercial 13s
- Non-commercial 13s
June 2021 Commercial Bankruptcy Filings Jump 11% M/M
Commercial filings across all chapters were up 11 percent in June with a total of 1,981 new filings, from 1,791 in May.
“New commercial filings increased from May to June, however, commercial filings overall remain down more than 30 percent year-over-year," said Brad Tuttle, Managing Director of Epiq Corporate Restructuring.
There were 216,910 total new bankruptcy filings across all chapters for the first half of 2021, down 27 percent from 298,121 in the same period in 2020.