October Bankruptcy Filings Up 16% Over Previous Month; Commercial Filings Up 19%

Total bankruptcy filings in the United States for the month of October increased 16 percent compared to September, according to data provided by Epiq Systems, Inc.

October bankruptcy filings totaled 101,278, up from the 87,522 filings registered in September 2012. The 96,498 total non-commercial filings for October represented a 16 percent increase from the September non-commercial filing total of 83,493. Total commercial filings for October 2012 were 4,780, representing a 19 percent increase from the 4,029 filings in September. Commercial chapter 11 filings also increased in October as the 704 filings represented a 3 percent increase over the 681 filings in September.

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