As a professional interested in the corporate bankruptcy sector, we are happy to offer you, free of charge, a copy of our Q4 and Full Year 2016 Business Bankruptcy Filings Report. Packed with mor than 20 pages of analytical charts and graphs, this report reflects Q4 and full year 2016 business bankruptcy activity and breaks down the filings by various elements such as industry, sales volume, company size, liabilities, assets, employees, creditors and public and private filings. It is a quick and helpful snapshot of the 2016 business bankruptcy landscape. Just click the link below to receive your free report.
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Our analysis reveals that even though Q4 2016 business bankruptcy filings were down compared to the previous three quarters, the year as a whole saw an increase for the first time in quite a while. The number of filings has dropped significantly since the 2008 recession but 2016 experienced a 26% increase over 2015 and the most filings since 2013. Despite the big increase, the 2016 bankruptcy total is less than half of the 2011 and 2010 figures. The most significant gains in 2016 were seen with Chapter 7 and Chapter 13 bankruptcies, while Chapter 11 reorganizations rose less sharply.
In addition, 2016 saw Texas dethrone California as the state that generated the largest percentage of overall bankruptcies. The close to 30% of all energy filings coming out of the Lone Star State moved it into the number one spot followed by California, New York, Delaware and Florida. With the filings of energy giants like Peabody Energy Corporation and Arch Coal, Inc., Missouri saw the largest percentage increase in number of filings in 2016 compared to the previous year. Approximately 75% of energy bankruptcy filings were filed from the states of Texas, Missouri and Delaware. California - Central, New York - Southern and Delaware were the top three Districts that handled the highest percentage of overall filings for both Q4 and the year.
Download the full PDF of our Q4 and Full Year of 2016 Business Bankruptcy Filings Report directly to your browser to read the full summary and see all the filing statistics.