5https://www.americaninfosource.com/blog/2020/04/ais-insight-report-april-2020
April Bankruptcy Filings Down 46% from 2019
04/14/2020 04:00 PM Posted by: AIS InfoSource Poster Avatar

May 14th, 2020

APRIL INSIGHT REPORT

The AIS Insight Report is a proprietary report created by AIS using data derived sole from information obtained by the Federal Bankruptcy Court System and the latest in bankruptcy analytical tools.

AIS data shows April bankruptcy filings have decreased 46%, from bankruptcies filed in the same month last year. Bankruptcy filings totaled to 38,421 in April 2020, whereas the total number was 71,284 in April 2019 (Figure 1). However, an increase of 28% was recorded in commercial chapter 11 filings, which rose from 462 filings in April 2019 to 592 in April 2020 (Figure 3).

Figure 1

Comparing April’s bankruptcy filings with those filed in March 2020, there was a 39% decrease; the number of filings reached down to 38, 421 from 62,832 (Figures 1 and 2). On the contrary, the total commercial chapter 11 bankruptcies saw a decrease of 1% from 598 in March 2020 to 592 in April 2020 (Figure 3).

Figure 2

Figure 3

The highest percentage of bankruptcies for April 2020 came from the South (East) (26%) followed by North Central (East) (21%), South (West)(15%), Pacific (13%), Northeast (11 %) and Mountain (7%) regions of the country (Figure 4).

Figure 4

This is now the second consecutive month where we have seen a significant decrease in filings from 2019 to 2020. The dip in bankruptcy filings during the second quarter are attributed to the COVID-19 shelter in place initiatives throughout the United States. As these precautions are gradually lifted, a backlog of bankruptcies are expected to follow.

To download the full April Insight Report, click here.

Blog Search

Categories

Archives

202201January1
January 2022 (1)
202112December1
December 2021 (1)
202111November1
November 2021 (1)
202110October1
October 2021 (1)
202107July1
July 2021 (1)
202106June1
June 2021 (1)
202105May1
May 2021 (1)
202104April1
April 2021 (1)
202101January1
January 2021 (1)
202012December2
December 2020 (2)
202011November1
November 2020 (1)
202010October1
October 2020 (1)
202009September1
September 2020 (1)
202008August1
August 2020 (1)
202007July1
July 2020 (1)
202006June3
June 2020 (3)
202005May3
May 2020 (3)
202004April2
April 2020 (2)


 

 

 

Platform © 2001 -