Bankruptcy filings fell by 2.2% for the 12-month period ending September 30, 2018, compared with the year ending September 30, 2017.

1. Bankruptcy Filings Decline By
2.2 Percent (10.31.18)

3. According to a report published on the US Court
Government website on October 31, 2018, bankruptcy
filings fell by 2.2 percent for the 12-month period
ending September 30, 2018, compared with the year
ending September 30, 2017.

4. The September 2018 annual bankruptcy filings totaled
773,375, compared with 790,830 cases in the previous
year, according to statistics released by the
Administrative Office of the U.S. Courts.

5. The number of bankruptcy cases filed was the lowest
for any 12-month period since the year ending June
2007. A national wave. of bankruptcies that began in
2008 reached a peak in the year ending September
2010, when nearly 1.6 million bankruptcies were filed.

6. Total Bankruptcy Filings By Chapter
Year Chapter
7 11 12 13
2018 477,248 7,014 468 288,550
2017 486,542 7,052 508 296,599
2016 498,367 7,450 458 299,150
2015 550,036 7,040 383 302,642
2014 642,366 7,658 372 313,262

7. Bankruptcy filings continued to decline and as of 2021
have hit a 36 year low. Not since 1985 have Chapter 7
and Chapter 13 filings been this low. The tsunami of
bankruptcy rule did not materialize as the government
propped enough people up through various funding
and legislative policies.