Litigation of Business | Business of Litigation, Minding My Own Business, Publicly Recorded

Fiscal Year Bankruptcy Filings Lowest in Seven Years | United States Courts

United_States_Bankruptcy_Court_SealHappy, Happy, Joy Joy! Bankruptcy stats for the fiscal year are out! This is better than x-mas and thanksgiving all rolled into one holiday!

BANKRUPTCIES ARE BACK DOWN TO PRE-RECESSION  NUMBERS!

Bankruptcy cases filed in federal courts for the fiscal year 2014—the 12-month period ending September 30, 2014—totaled 963,739, down 13 percent from the 1.1 million bankruptcy filings in FY 2013, according to statistics released today by the Administrative Office of the U.S. Courts. This is the lowest number of bankruptcy filings for any 12-month period since 2007.

Additional statistics released 10-28-2014 include:

There is just a little taste below, but for more sexy stats and tantalizing tables go here:

 Fiscal Year Bankruptcy Filings Lowest in Seven Years | United States Courts.

Business and Non-Business Filings
Years Ended September 30, 2007-2014
FY Business Non-Business TOTAL
2014 28,319 935,420 963,739
2013 34,892 1,072,807 1,107,699
2012 42,008 1,219,132 1,261,140
2011 49,895 1,417,326 1,467,221
2010 58,322 1,538,033 1,596,355
2009 58,721 1,344,095 1,402,816
2008 38,651 1,004,342 1,042,993
2007 25,925 775,344 801,269
Bankruptcy Filings by Chapter of the Bankruptcy Code 12-Month Periods
Ending September 30, 2010-2014
Year Chapter
7 11 12 13
2014 642,366 7,658 372 313,262
2013 753,995 9,564 405 343,651
2012 874,337 10,597 541 375,521
2011 1,036,950 11,979 676 417,503
2010 1,146,511 14,191 707 434,839
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