(Credit: Lane V. Erickson/Adobe Stock) Bankruptcy Filings Surged in First Half of 2024 Amid Uptick in Big Chapter 11 Cases
"Commercial filing trends continue to show strong double digit percentage increases in year-over-year filings, while individual filings increased at a much lower rate compared to commercial filings in the first half of 2024," said Michael Hunter, vice president of the Epiq AACER bankruptcy data platform.
July 08, 2024 at 06:32 PM
3 minute read
What You Need to Know
- Bankruptcy filings increased 15% in the first half of 2024 compared with the same period in 2023.
- Kirkland & Ellis handled many of the commercial bankruptcy filings.
- A higher rate of bankruptcy filings occurred during the pre-COVID era of 2019.
Consumer and commercial bankruptcy filings have surged in the first six months of 2024 compared with the same period in 2023, a study said.
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