Bankruptcy Filings Rose in August by 8.47%
New Debt Limits Halt Growth in Small Business Subchapter V Filings
Overall bankruptcy filings continued to rise in August compared to the same month last year, but at a slower than usual pace of 8.47 percent. Despite the more modest August numbers, the year-to-date increase is a much higher 15.56 percent. This is the third time this year when the monthly increase did not rise by double-digits over the same month in 2023. The previous single-digit monthly increases (March and June) were each followed by an eye-popping increase of more than 20 percent.
Our monthly report now includes filing projections produced by the Department of Justice, as well as 2024 filing trends compared to pre-pandemic averages.
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AIS warrants that it employs all reasonable endeavours to ensure that the supplied statistical reports are substantially complete and free of errors or defects. The user acknowledges that all information contained herein is derived from public record data and from time to time, errors may occur. InSight is a proprietary analytical report produced monthly by AIS. The supplied information will not be disclosed, recompiled, sold or traded, in whole or in part, to third parties unless prior written consent is obtained. AIS assumes no responsibility or liability for any decisions made as a result of using this report.