Thursday, February 04, 2016

U.S. Courts: "Bankruptcy Filings Drop 10 Percent in Calendar Year 2015"

by Bill McBride on 2/04/2016 04:44:00 PM

From the U.S. Courts: Bankruptcy Filings Drop 10 Percent in Calendar Year 2015

During the 12-month period ending December 31, 2015, 844,495 cases were filed in federal bankruptcy courts, down from the 936,795 bankruptcy cases filed in calendar year 2014—a 9.9 percent drop in filings. This is the lowest number of bankruptcy filings for any 12-month period since 2007, and the fifth consecutive calendar year that filings have fallen.
CR Note: For Q4, bankruptcy filings were down about 8% compared to Q4 2014. At that pace of improvement, fiscal 2016 for the Court system (ends Sept 30th) will see the fewest bankruptcy filings since fiscal 1990.