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Bankruptcy Information

According to the Administrative Office of the U.S. Courts, the number of business bankruptcies filed in the second quarter of 2018 totaled 5,479, decreased by 13.9% from 6,366 business bankruptcies filed in the same quarter of 2017.

US Total Business Bankruptcy Filings (Q2 2016 – Q2 2018)

Please click here to download the chart (PDF format).

Total Business Bankruptcy Filings (by quarter)

Year Quarter Total Business Bankruptcy % change over the same period last year
2018 Q1 5,669 -0.8%
  Q2 5,479 -13.9%
2017 Q1 5,715 -8.2%
  Q2 6,366 -2.6%
  Q3 5,290 -5.5%
  Q4 5,727 +1.1%
  Q1 to Q4 23,098 -3.9%
2016 Q1 6,227 +1.1%
  Q2 6,537 +6.0%
  Q3 5,597 -11.7%
  Q4 5,666 -5.1%
  Q1 to Q4 24,027 -2.5%
2015 Q1 6,159 -11.9%
  Q2 6,166 -15.3%
  Q3 6,338 -0.3%
  Q4 5,973 -4.0%
  Q1 to Q4 24,636 -8.2%
2014 Q1 6,992 -17.9%
  Q2 7,283 -17.9%
  Q3 6,355 -21.7%
  Q4 6,219 -17.7%
  Q1 to Q4 26,849 -18.8%
2013 Q1 8,512 -22.6%
  Q2 8,874 -14.5%
  Q3 8,119 -12.2%
  Q4 7,556 -18.1%
  Q1 to Q4 33,061 -17.0%
2012 Q1 10,998 -11.9%
  Q2 10,374 -16.5%
  Q3 9,248 -21.3%
  Q4 9,231 -17.2%
  Q1 to Q4 39,851 -16.6%
2011 Q1 12,477 -15.2%
  Q2 12,431 -14.4%
  Q3 11,749 -16.3%
  Q4 11,149 -14.4%
  Q1 to Q4 47,806 -15.1%
2010 Q1 14,705 1.9%
  Q2 14,516 -9.9%
  Q3 14,031 -8.2%
  Q4 13,030 -13.2%
  Q1 to Q4 56,282 -7.5%
2009 Q1 14,427 62.6%
  Q2 16,113 57.5%
  Q3 15,277 32.3%
  Q4 15,020 16.4%
  Q1 to Q4 60,837 39.7%
2008 Q1 8,870 39.6%
  Q2 10,228 51.2%
  Q3 11,547 60.0%
  Q4 12,901 61.6%
  Q1 to Q4 43,546 53.8%
2007 Q1 6,354 56.2%
  Q2 6,765 39.8%
  Q3 7,218 38.7%
  Q4 7,985 42.9%
  Q1 to Q4 28,322 43.8%

 


Bankruptcy Basics

Chapter 7

Liquidation under the Bankruptcy Code

The chapter of the Bankruptcy Code providing for "liquidation," ( i.e., the sale of a debtor''s nonexempt property and the distribution of the proceeds to creditors.)

Chapter 11

Reorganisation under the Bankruptcy Code

The chapter of the Bankruptcy Code providing (generally) for reorganisation, usually involving a corporation or partnership. (A chapter 11 debtor usually proposes a plan of reorganisation to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.)

Source: Administrative Office of the U.S. Courts


10.08.2018

Axion Power International, Inc. filed for Chapter 7 bankruptcy (10 Aug 2018)

Axion Power International, Inc., a US-based battery technology company, has filed for Chapter 7 bankruptcy after failing to secure a major deal with a Chinese firm that it had been pursuing since 2015. According to court filing, the company listed assets in the range of US$ 0 to US$ 0.05 million and liabilities in the range of US$ 1 million to US$ 10 million.

07.08.2018

Samuels Jewelers Inc. filed for Chapter 11 bankruptcy protection (7 Aug 2018)

Samuels Jewelers Inc., a Texas-based jewelry retailer with over 100 stores in 22 states, has filed for Chapter 11 bankruptcy protection. The company affirms that its stores and e-commerce site are open for business during the restructuring process.

06.08.2018

National Stores Inc. filed for Chapter 11 bankruptcy protection (6 Aug 2018)

National Stores Inc., a US-based discount retailer operating under the Fallas brand and others, has filed for Chapter 11 bankruptcy protection to restructure its debt. The chain is planning to close 74 of its 344 stores across the US.

02.08.2018

Brookstone Inc filed for Chapter 11 bankruptcy protection (2 Aug 2018)

Brookstone Inc, a US-based gadget and gift chain, has filed for Chapter 11 bankruptcy protection. The company said it is closing all of its 101 stores in malls across the US and will continue to operate its 35 airport stores and e-commerce and wholesale businesses. According to court filing, the company listed assets in the range of US$50 million to US$100 million and liabilities in the range of US$100 million to US$500 million.

30.07.2018

Heritage Home Group LLC filed for Chapter 11 bankruptcy protection (30 Jul 2018)

Heritage Home Group LLC, a US-based furniture company, has filed for Chapter 11 bankruptcy protection to restructure its debt. The company blamed its financial problems on changing consumer patterns and industry conditions, among other things. According to court filing, the company listed both assets and liabilities in the range of US$100 million to US$500 million.

02.07.2018

WIS Holding Company, Inc. filed for Chapter 11 bankruptcy protection (2 Jul 2018)

WIS Holding Company, Inc., a US-based inventory management firm, has filed for Chapter 11 bankruptcy protection for an orderly liquidation of the company’s assets. The company has no ongoing operations or employees. According to court filing, the company listed assets in the range of US$0 to US$50,000 and liabilities in the range of US$100 million to US$500 million.

24.06.2018

J Mendel Inc. filed for Chapter 11 bankruptcy protection (24 Jun 2018)

J Mendel Inc., a US-based fashion house, has filed for Chapter 11 bankruptcy protection to restructure its debt. According to court filing, the company listed assets in the range of US$1 million to US$10 million and liabilities in the range of US$10 million to US$50 million.

14.05.2018

The Rockport Company, LLC filed for Chapter 11 bankruptcy protection (14 May 2018)

The Rockport Company, LLC, a US-based comfort shoe maker, has filed for Chapter 11 bankruptcy protection. According to court filing, the company listed both assets and liabilities between US$100 million and US$500 million. The company said it would maintain operations through the restructuring process, but was seeking court approval to close some of its locations.

01.05.2018

Gibson Brands Inc. filed for Chapter 11 bankruptcy protection (1 May 2018)

Gibson Brands Inc., a US-based music equipment company, has filed for Chapter 11 bankruptcy protection. According to court filing, the company listed both assets and liabilities in the range of US$100 million to US$500 million. The company has secured US$135 million financing to fund its operations during the process.

06.04.2018

Nine West Holdings Inc. filed for Chapter 11 bankruptcy protection (6 Apr 2018)

Nine West Holdings Inc., a US-based footwear and apparel company, has filed for Chapter 11 bankruptcy protection. According to court filing, the company listed assets in the range of US$500 million to US$1 billion and liabilities in the range of US$1 billion to US$10 billion. The retailer has agreed to sell its Nine West and Bandolino footwear and handbag businesses to licensing firm Authentic Brands Group Inc.

27.03.2018

Southeastern Grocers LLC filed for Chapter 11 bankruptcy protection (27 Mar 2018)

Southeastern Grocers LLC, a US-based supermarket operator, has filed for Chapter 11 bankruptcy protection. According to court filing, the company listed both assets and liabilities between US$1 billion and US$10 billion. The company said it will continue to operate over 580 stores as it restructures its debt.

19.03.2018

Claire's Stores Inc. filed for Chapter 11 bankruptcy protection (19 Mar 2018)

Claire's Stores Inc., a specialty retailer of jewelry, accessories and beauty products, has filed for Chapter 11 bankruptcy protection. According to court filing, the company listed both assets and liabilities between US$1 billion and US$10 billion. The accessories chain said that its stores will remain open as it restructures its debt.

06.03.2018

The Walking Company Holdings Inc. filed for Chapter 11 bankruptcy protection (6 Mar 2018)

The Walking Company Holdings Inc. (NASDAQ:WALK), a US-based footwear and accessories retailer, has filed for Chapter 11 bankruptcy protection. The company said the increasing power of internet retailers had a negative impact on customer traffic in shopping malls. According to court filing, the company listed assets in the range of US$100 million-US$500 million and liabilities in the range of US$50 million-US$100 million.

04.02.2018

Bon-Ton Stores Inc. filed for Chapter 11 bankruptcy protection (4 Feb 2018)

Bon-Ton Stores Inc. (NASDAQ:BONT), a US-based department store chain, has filed for Chapter 11 bankruptcy protection. It becomes the latest brick-and-mortar retailer to fall victim to the rise of online sales. According to court filing, the company listed both assets and liabilities between US$1 billion and US$10 billion, and it planned to keep its existing stores open.

11.01.2018

KIKO USA, Inc. files for Chapter 11 bankruptcy protection (11 Jan 2018)

KIKO USA, Inc., a US-based retailer of professional makeup and skincare products, has filed for Chapter 11 bankruptcy protection. The company plans to close most of its stores, blaming the downturn in the bricks-and-mortar retail industry. According to court filing, the company listed both assets and liabilities in the range of US$1 million to US$10 million.
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