As a professional interested in the corporate bankruptcy sector, we are happy to offer you, free of charge, a copy of our Q1 2017 Business Bankruptcy Filings Report. Packed with 18 pages of analytical charts and graphs, this report reflects Q1 2017 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 2017 business bankruptcy landscape. Just click any of the Download buttons to receive your free report.
BankruptcyData houses the industry's most extensive database of business bankruptcy information. Interested professionals from across all industries subscribe to our service and use our bankruptcy resources. BankruptcyData allows subscribers to spend less time looking for business bankruptcy information and more time using it.
In 2016 we saw a 26% increase in business bankruptcy filings compared to 2015 resulting in the first year-to-year increase in filings since before the 2008 recession. The number of companies filing for bankruptcy each year had been spiraling downward for several years and bottomed out in 2015 before seeing the 2016 increase. Our prediction that the busy bankruptcy activity would continue into 2017 has proven to be accurate thus far: Q1 2017 filing numbers are up 4% compared to Q4 2016 and 1% versus the first quarter of 2016—but up 25% compared to Q1 2015.
Though overall bankruptcy activity is slightly higher than last year, public company bankruptcies are down: 17 public companies filed for U.S. Bankruptcy Court protection in Q1 2017, versus 25 and 34 during the same respective periods in 2016 and 2015. The total asset count heading into bankruptcy in Q1 2017 was $20.8 billion. Though this figure is down from $25.3 billion in 2016 and $34.1 billion in 2015, it is still a decent sized number when compared to Q1 bankruptcy asset figures over the last 20 years. The oil & gas/energy industries continued to dominate the bankruptcy scene with seven of the 10 largest public company filings in Q1 2017 coming from this sector.
Download the full PDF of our Q1 2017 Business Bankruptcy Filings Report directly to your browser to read the full summary and see all the filing statistics.