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Commercial bankruptcy filings increase 26% in U.S.

Staff Writer |
Total commercial filings during calendar year 2016 (Jan. 1-Dec. 31) were 37,771, a 26 percent increase from the 29,920 filings for 2015, according to Epiq Systems.

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There were 5,438 commercial chapter 11s filings during calendar year 2016, a 2 percent increase over the 5,313 commercial chapter 11s filed the previous year.

Total bankruptcy filings decreased slightly to 771,894 nationwide for calendar year 2016 (Jan. 1-Dec. 31), 6 percent less than the 819,431 total filings during 2015.

The 733,897 total noncommercial filings during calendar year 2016 also represented a 7 percent drop from the noncommercial filing total of 789,332 during calendar year 2015.

The 56,394 total bankruptcy filings for the month of December represented a 5 percent increase compared to the 53,844 filings in December 2015.

The 53,483 total noncommercial filings for December also represented a 5 percent increase from the December 2015 noncommercial filing total of 51,170.

The 2,911 total commercial filings represented a 9 percent increase from the 2,674 total commercial filings during the same period in 2015.

Conversely, the 333 commercial chapter 11 filings in December 2016 were 17 percent lower than the 399 filings in December 2015.

Average total filings per day in December 2016 were 2,685, a 10 percent increase from the 2,447 total daily filings in December 2015.

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