Bankruptcy filings in the federal courts fell 13 percent in calendar year 2012, according to data released today by the Administrative Office of the U.S. Courts. The number of bankruptcies filed in the 12-month period ending December 31, 2012, totaled 1,221,091, down from the 1,410,653 bankruptcies filed in CY 2011.
Statistics released today include business and non-business filings for the 12-month period ending December 31, 2012; a comparison of December 2011 and 2012 filings; 4th quarter filings; monthly filings for the 12-month period ending December 31, 2012; and filings per capita.
Business and Non-Business Filings
The majority of bankruptcy filings involve non-business debts. In CY 2012, they totaled 1,181,016, down 13 percent from the 1,362,847 non-business bankruptcy filings in CY 2011.
Business filings also fell, from 47,806 in CY 2011 to 40,075 in CY 2012, a 16 percent decrease.
First Quarter of FY 2013
The last three months of CY 2012 were the first quarter of the Judiciary’s 2013 fiscal year. The number of bankruptcies filed during the first quarter of fiscal year 2013 (October 1-December 31, 2012) was 273,878, down 13 percent from the 313,775 filings in the first quarter of FY 2012.
Filings by Chapter
In CY 2012, filings fell under all chapters of the U.S. bankruptcy code.
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