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Bankruptcy Filings Decline By 2.2 Percent (10.31.18)

Bankruptcy filings fell by 2.2% for the 12-month period ending September 30, 2018, compared with the year ending September 30, 2017.

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Bankruptcy Filings Decline By 2.2 Percent (10.31.18)

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  1. Bankruptcy Filings Decline By 2.2 Percent (10.31.18)

  2. According to a report published on the US Court Government website on October 31, 2018, bankruptcy filings fell by 2.2 percent for the 12-month period ending September 30, 2018, compared with the year ending September 30, 2017.

  3. The September 2018 annual bankruptcy filings totaled 773,375, compared with 790,830 cases in the previous year, according to statistics released by the Administrative Office of the U.S. Courts.

  4. The number of bankruptcy cases filed was the lowest for any 12-month period since the year ending June 2007. A national wave. of bankruptcies that began in 2008 reached a peak in the year ending September 2010, when nearly 1.6 million bankruptcies were filed.

  5. Total Bankruptcy Filings By Chapter Year Chapter 7 11 12 13 2018 477,248 7,014 468 288,550 2017 486,542 7,052 508 296,599 2016 498,367 7,450 458 299,150 2015 550,036 7,040 383 302,642 2014 642,366 7,658 372 313,262

  6. Bankruptcy filings continued to decline and as of 2021 have hit a 36 year low. Not since 1985 have Chapter 7 and Chapter 13 filings been this low. The tsunami of bankruptcy rule did not materialize as the government propped enough people up through various funding and legislative policies.

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