Led by a 13.4 percent increase in Brooklyn federal court, the Second Circuit trended upward during the 12-month period ending in September, even as bankruptcy filings nationally fell by a modest 2.2 percent.
October 31, 2018 at 12:57 PM
1 minute read
Federal bankruptcy filings were down nationally by just over 2 percent for the year ending in September, even as the Second Circuit managed to buck the trend.
According to data provided by the federal court system, both business and nonbusiness bankruptcy filings were down, following a multiyear trend. The total of 773,375 filings during the year ending Sept. 30 was down 2.2 percent from the prior 12-month period. Overall, filings have dropped nearly 20 percent since the 2014 total of 963,739.
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