April Bankruptcy Filings Decrease 20% from Same Period Last Year

According to the latest AIS Insight Report, April filings totaled 32,523, down 9.70% from the previous month and down 20.46% from April 2021 (Figure 1). In addition, April 2022 marks a 30.76% increase in Chapter 13 filings when compared to April 2021 (Figure 1).

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Over the past two years, we’ve been watching the activity of Chapter 7 and Chapter 13 filings closely. Chapter 7 filings totaled 19,999, showing a 11.08% decrease from last month and a 35.87% decrease from April 2021 (Figure 4). On the other hand, Chapter 13 filings totaled 12,187, revealing a 5.77% decrease from last month and 30.76% increase from April 2021 (Figure 4).

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For the month of April 2022, Chapter 11 filings totaled 296, revealing a 22.31% decrease from the previous month and a 14.94% decrease from April 2021 (Figure 7). Chapter 11, Subchapter V filings totaled 100, revealing a 45.95% decrease from the previous month and a 29.08% decrease from April 2021 (Figure 7).

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The highest percentage of bankruptcies for April 2022 came from the South (East) (28%), followed by North Central (East) (21%), South (West) (15%), Pacific (12%), Northeast (12%), North Central (West) (6%), and Mountain (6%) regions of the country (Figure 10).

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To download the April Insight Report,  click here.