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For the fiscal year that ended on September 30, 1995, bankruptcy filings
in federal courts increased when compared to the same 12-month period in
1994. According to statistics released by the Administrative Office,
883,457 bankruptcy cases were filed in federal bankruptcy court in FY 95
for a 5.5 percent increase over FY 1994, when 837,797 cases were filed.
In the 3-month period ended September 30, 1995, filings totaled 233,593,
up from the 208,187 bankruptcy cases filed during the quarter ended
September 30, 1994.
Over the last three years, year-end bankruptcy filings have fluctuated;
with filings dropping to 897,231 in 1993, to 837,797 in 1994, and
increasing to 883,457 in 1995. This is different from what occurred from
1988 to 1992 when bankruptcy filings increased rapidly, going from
604,759 cases in 1988 and reaching 977,478 cases by 1992.
Of the total number of bankruptcy cases filed in the 12-month period
ending September 30, 1995, there were 598,250 Chapter 7 cases, up from
the 571,971 Chapter 7 cases filed in the same period in FY 94. The next
largest group of bankruptcy filings was under Chapter 13, totaling
271,650, up from the 248,942 chapter 13 cases filed in the 12-month
period FY 94. Chapters 11 and 12 showed a decline in FY 95. The increase
in total bankruptcy filings was the result of increased non-business or
consumer filings, which more than offset a slight drop in business
from The Third Branch -- January 1996
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