Bankruptcy Filings Decrease

Total bankruptcy filings in the United States for April 2012 decreased 16 percent compared to the previous year, according to data provided by Epiq Systems, Inc. April bankruptcy filings totaled 108,865, down from the 129,815 filings registered in April 2011. Total commercial filings for April 2012 were 5,132, representing a 25 percent decrease from the 6,868 filings during the same period in 2011. The 103,733 total noncommercial filings for April represented a 16 percent drop from the April 2011 noncommercial filing total of 122,947. The April 2012 total bankruptcy filings also decreased 11 percent from the March total of 122,155.

Commercial filings dropped 9 percent in April from the March total of 5,668, and noncommercial filings dropped 11 percent from the March total of 116,487. Changes to total commercial Chapter 11 bankruptcy filings also decreased in April. Overall, the April total commercial chapter 11 filing total of 657 represented an 18 percent decrease over the April 2011 total of 800, and a decrease of 3 percent from the March 2012 total of 680. For more information about filing bankruptcy in Kansas City please contact me, Kansas City bankruptcy lawyer Cary Smalley of The Smalley Law Firm for a free initial consultation. I can be reached at (913) 601-3549 or at Kansas City Bankruptcy Attorney.