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August 28, 2006 — Bankruptcy filings fell 9.3 percent during the 12-month period ending June 30, 2006. Bankruptcy cases filed in federal courts during that period totaled 1,484,570, down from the 1,637,254 bankruptcy cases filed for the 12-month period ending June 30, 2005. This is the lowest filings have fallen since the 12-month period ending September 2001. The drop in bankruptcy filings has occurred since the implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Most of the Act's provisions went into effect on October 17, 2005. The data were released today by the Administrative Office of the U.S. Courts. Table F compares filings by district for the 12-month periods ending June 30, 2005 and 2006.
Non-business filings for the period totaled 1,453,008, down 9.5 percent from the 1,604,848 non-business filings during the 12-month period ending June 30, 2005. In the 12-month period ending June 30, 2006, business filings also dropped to 31,562 down 2.6 percent from the 32,406 filings reported in the previous 12-month period. Each district's non-business and business filings, along with filings by chapter can be found in Table F-2.
Business and Non-Business Filings
Years Ended June 30, 2001-2006 |
| Year |
Total |
Non-Business |
Business |
| 2006 |
1,484,570 |
1,453,008 |
31,562 |
| 2005 |
1,637,254 |
1,604,848 |
32,406 |
| 2004 |
1,635,725 |
1,599,986 |
35,739 |
| 2003 |
1,650,279 |
1,613,097 |
37,182 |
| 2002 |
1,505,306 |
1,466,105 |
39,201 |
| 2001 |
1,386,606 |
1,349,471 |
37,135 |
Filings by Chapter, 12-month Period Ending June 30
Of the total number of bankruptcy filings in the 12-month period ending June 30, 2006, there were 1,164,815 Chapter 7 filings, a 2.6 percent drop from the 1,196,212 Chapter 7 filings in the 12-month period ending June 30, 2005. Chapter 13 filings, the next largest group of filings, totaled 313,085 in 2006, down 27.9 percent from 433,945 Chapter 13 filings in 2005. Chapter 11 filings also fell in this 12-month period. Chapter 11 filings totaled 6,224 as of June 30, 2006, down 7.1 from the 6,703 filings for the 12-month period ending June 30, 2005.
Only Chapter 12 filings increased. Chapter 12 bankruptcy filings totaled 360, up 24.1 percent from the 290 Chapter 12 filings in the 12-month period ending June 30, 2005.
Filings by Quarter
|
Total Bankruptcy Filings
by Bankruptcy Chapter
Years Ended June 30, 2001-2006 |
|
Chapter |
| Year |
7 |
11 |
12 |
13 |
| 2006 |
1,164,815 |
6,224 |
360 |
313,085 |
| 2005 |
1,196,212 |
6,703 |
290 |
433,945 |
| 2004 |
1,167,101 |
11,048 |
302 |
457,171 |
| 2003 |
1,165,993 |
10,602 |
775 |
472,811 |
| 2002 |
1,053,230 |
11,401 |
367 |
440,231 |
| 2001 |
972,659 |
10,272 |
206 |
403,418 |
Third quarter filings, the 3-month period ended June 30, 2006, totaled 155,833, a 66.7 percent decrease when compared to 2005 third quarter filings. For a breakdown of filings by all chapters for the quarter, see Table F-2 (3-month period).
Filings for the first quarter of Fiscal Year 2006 (October 1, 2005 – December 31, 2005) totaled 667,431. The number of bankruptcies filed during the second quarter of the Judiciary's Fiscal Year 2006 (January 1, 2006-March 31, 2006) totaled 116,771.
For more on bankruptcy, visit the Judiciary's website or go to www.fjc.gov/federal/courts.nsf. Local bankruptcy court rules can be found at www.uscourts.gov/rules/bk-localrules.html. Historic data on bankruptcy filings is available on the Judiciary's website under Bankruptcy Statistics. Additional bankruptcy statistics, including bankruptcies by county, can be found on the Judiciary's PACER system.
Quarterly Filings*
|
PERIOD |
FILINGS |
PERIOD |
FILINGS |
PERIOD |
FILINGS |
| JUN. 30, 2006 |
155,833 |
JUN. 30, 2002 |
400,686 |
JUN. 30, 1998 |
373,460 |
| MAR. 31, 2006 |
116,771 |
MAR. 31, 2002 |
379,012 |
MAR. 31, 1998 |
354,118 |
| DEC. 31, 2005 |
667,431 |
DEC. 31, 2001 |
364,921 |
DEC. 31, 1997 |
347,685 |
|
SEPT. 30, 2005 |
542,002 |
SEPT. 30, 2001 |
359,518 |
SEPT. 30, 1997 |
353,515 |
|
JUN. 30, 2005 |
467,333 |
JUN. 30, 2001 |
400,394 |
JUN. 30, 1997 |
367,168 |
|
MAR.31, 2005 |
401,149 |
MAR. 31, 2001 |
366,841 |
MAR. 31, 1997 |
335,073 |
|
DEC. 31, 2004 |
371,668 |
DEC. 31, 2000 |
310,169 |
DEC. 31, 1996 |
311,131 |
|
SEPT. 30, 2004 |
396,438 |
SEPT. 30, 2000 |
308,718 |
SEPT. 30, 1996 |
303,309 |
|
JUN. 30, 2004 |
421,110 |
JUN. 30, 2000 |
321,729 |
JUN. 30, 1996 |
297,162 |
|
MAR. 31, 2004 |
407,572 |
MAR. 31, 2000 |
312,335 |
MAR. 31, 1996 |
266,149 |
|
DEC. 31, 2003 |
393,348 |
DEC. 31, 1999 |
318,634 |
DEC. 31, 1995 |
244,494 |
|
SEPT. 30, 2003 |
412,989 |
SEPT. 30, 1999 |
323,550 |
SEPT. 30, 1995 |
233,593 |
|
JUN. 30, 2003 |
440,257 |
JUN. 30, 1999 |
345,956 |
JUN. 30, 1995 |
235,302 |
|
MAR. 31, 2003 |
412,968 |
MAR. 31, 1999 |
330,784 |
MAR. 31, 1995 |
212,626 |
|
DEC. 31, 2002 |
395,129 |
DEC. 31, 1998 |
353,108 |
DEC. 31, 1994 |
201,618 |
|
SEPT. 30, 2002 |
401,306 |
SEPT. 30, 1998 |
361,205 |
SEPT. 30, 1994 |
208,187 |
* Because of on-going corrections to the bankruptcy database, the quarterly data may not total to the most recent annual figures.
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