Bankruptcy filings have dropped in the last year nationwide as well as locally in Camden County NJ, Burlington County NJ, and Philadelphia County PA. However, as can be seen from the statistics published by the US Courts, there are still a significant number of bankruptcies being filed. 25,763 were filed in NJ of which 2285 were filed in Camden County and 1686 were filed in Burlington County. Statewide that is an average of over 70 bankruptcies per day. In the Eastern District of Pennsylvania 9,533 were filed last year with 2,817 being filed in Philadelphia PA. Set forth below is the breakdown of the different types of bankruptcies filed, and whether they were personal bankruptcies or business bankruptcies.
Bankruptcy Filing Statistics
12mo period ending March 31, 2016 |
|||||||||||||||
All Filings |
Business Filings |
Nonbusiness Filings |
|||||||||||||
District |
County Code |
Total |
Ch 7 |
Ch 11 |
Ch 12 |
Ch 13 |
Total |
Ch 7 |
Ch 11 |
Ch 12 |
Ch 13 |
Total |
Ch 7 |
Ch 11 |
Ch 13 |
NJ |
25,763 |
17,758 |
244 |
2 |
7,758 |
762 |
490 |
197 |
2 |
72 |
25,001 |
17,268 |
47 |
7,686 |
|
Burlington |
34005 |
1,686 |
1,021 |
15 |
– |
650 |
38 |
22 |
13 |
– |
3 |
1,648 |
999 |
2 |
647 |
Camden |
34007 |
2,285 |
1,356 |
8 |
– |
921 |
30 |
17 |
8 |
– |
5 |
2,255 |
1,339 |
– |
916 |
PA, E |
9,533 |
5,152 |
104 |
2 |
4,275 |
314 |
169 |
94 |
2 |
49 |
9,219 |
4,983 |
10 |
4,226 |
|
Philadelphia |
42101 |
2,817 |
1,118 |
28 |
– |
1,671 |
65 |
28 |
27 |
– |
10 |
2,752 |
1,090 |
1 |
1,661 |
http://www.uscourts.gov/statistics/table/f-5a/bankruptcy-filings/2016/03/31