June 2021 Commercial Bankruptcy Filings Jump 11%

NEW YORK, July 02, 2021 (GLOBE NEWSWIRE) – Epiq, a global leader in technology services for the legal and business services industry, released its June 2021 bankruptcy statistics for its information services business on AACER bankruptcies.

New filings in June were flat at 34,248 across all chapters, down 1% from the tally of 34,767 in May. Non-commercial consumer filings in all chapters totaled 32,267, down 2% from 32,976 in May.

This month is the lowest June deposits since 2006 for the following (see chart):

  • All bankruptcy filings
  • Commercial 7’s
  • 7 non-commercial
  • Commercial 13’s
  • 13 years non-commercial

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ab38c72-6afc-4f91-b748-2759a6170408

Commercial deposits in all chapters increased 11% in June to a total of 1,981 new deposits, compared to 1,791 in May.

“New commercial deposits increased from May to June, however, commercial deposits overall remain down more than 30% year-on-year,” said Brad Tuttle, Managing Director of Epiq Corporate Restructuring.

There were 216,910 new bankruptcy filings in total across all chapters for the first half of 2021, down 27% from 298,121 during the same period in 2020.

About Epiq AACER
Epiq AACER is your partner for bankruptcy information and compliance. Our AACER bankruptcy information services platform is built with superior data, technology and expertise to create insight and mitigate risk for businesses affected by bankruptcy. We offer free bankruptcy statistics and monthly email updates for both commercial and non-commercial consumer bankruptcy filings for Chapter 7, Chapter 11, and Chapter 13 cases. You can subscribe to these resources free on our Bankruptcy Statistics and Trends page.

About Epiq
Epiq, a global leader in technology services for the legal services industry and businesses, supports large-scale and increasingly complex tasks for corporate counsel, law firms and professionals with efficiency , clarity and confidence. Customers rely on Epiq to streamline the administration of business operations, class actions and mass tort, forensic reporting, electronic discovery, regulatory, compliance, restructuring and bankruptcy matters. Epiq’s subject matter experts and technologies create efficiency through expertise and give confidence to top performing customers around the world. Learn more at https://www.epiqglobal.com.

press contact
Rebecca Paul
+1 310 279 3482

Comments are closed.