January Year-over-Year Bankruptcy Filings Increase Across All Main Chapters

Bankruptcy new filings were up year-over-year across chapter 7, 11, 13, and 15 in January 2023, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. Epiq Bankruptcy is a division of Epiq, a global technology-enabled services leader to the legal services industry and corporations. Total commercial filings increased twelve percent to 1,694 in January 2023 over the 1,508 total filings reported in January 2022. Commercial chapter 11 filings increased 70 percent to 257 filings up from 151 filings recorded one year ago. All subchapter V small business filings increased 49 percent to 137 in January 2023 from the 92 filings registered the previous year. Total U.S. bankruptcy filings in January 2023 were 31,087, up 19 percent from the 26,215 total filings registered in January 2022. The 29,545 overall individual filings were 20 percent higher in January 2023 than the 24,703 individual filings recorded last year. While still below pre-pandemic levels, individual chapter 13 filings continued to increase in January, as the 13,702 reported filings were a 32 percent increase over the January 2022 total of 10,346.