Bankruptcy filings in the U.S. in 2018 were down by about 2 percent as compared to 2017, according to a statement by the American Bankruptcy Institute.
ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency, according to its statement.
ABI’s Jan. 8 statement is based on data accumulated by Epiq Systems, Inc., a “provider of managed technology for the global legal profession,” ABI said.
The total of all bankruptcy filings in 2018—755,182—is down from 766,761 filed in 2017.
Commercial filings and consumer cases were both down by about 2 percent.
The number ...