Open Bankruptcy Project

Bankruptcy Filing Seasonality — Empirical Dataset v0.1

Bankruptcy filings are not uniform across the year, the week, or the month. They follow seasonal and within-month patterns that practitioners know but few empirical studies publish at scale. From 201,979 federal cases filed 1996-2025.

Three headline findings

22.1%
Wednesdays. Wednesday is the biggest filing day of the week, with 22.1% of all filings (44,710 cases). Mon-Fri all 18-19% each; Wednesday's 4-percentage-point premium reflects mid-week being when prepared cases finish their attorney-side workflow.
+25%
Day 30 vs the average day. Day 30 of the month is the biggest single day-of-month for filings (9,292 cases). End-of-month days (28-31) and beginning-of-month days (1-3) both peak. The reason: rent / billing / paycheck cycles produce financial-pressure peaks at month boundaries.
10.0%
October is the biggest month, at 10.0% of annual filings (+1.72pp over uniform). Partly an artifact of the BAPCPA October 17, 2005 deadline pulling the long-run average up, but also reflects end-of-summer / pre-holiday financial planning peaks.

The 12-month pattern

Month% of yearvs uniformDeviation
Jan7.2%-1.12pp
Feb7.3%-1.00pp
Mar9.3%+0.93pp
Apr8.9%+0.53pp
May8.5%+0.15pp
Jun8.2%-0.15pp
Jul8.3%-0.04pp
Aug8.7%+0.34pp
Sep8.5%+0.18pp
Oct10.0%+1.72pp
Nov7.8%-0.57pp
Dec7.4%-0.91pp

Three clear seasonal patterns:

The tax-season effect, quantified

Feb+Mar+Apr accounts for 25.4% of all annual filings. With Feb-Apr representing roughly 24.4% of calendar days, the empirical excess is +4.4% (~2,150 extra cases per year). The tax-refund effect is real but modest in size — not the dominant factor practitioners sometimes assume. The end-of-month / mid-week patterns are larger drivers.

Day-of-week patterns

DayFilings% of week
Monday38,04118.8%
Tuesday35,89617.8%
Wednesday44,71022.1%
Thursday37,95818.8%
Friday38,60519.1%
Saturday4,5262.2%
Sunday2,2431.1%

Court is open Monday-Friday; weekend filings are emergency-only (judge's chambers, after-hours clerk staff). The weekday distribution shows:

Day-of-month patterns

The end-of-month / start-of-month financial-pressure cycle shows up in the data:

The end-of-month spike (28-31) reflects financial-pressure peaks at month boundaries:

Mid-month filing patterns (days 14-15) reflect a secondary peak from bi-weekly paycheck and billing cycles for households on different schedules.

Implications for practice + policy

Court resource allocation

Bankruptcy clerks' offices and trustees know about these patterns informally. The 22% Wednesday peak means staffing should accommodate ~22% of weekly workload on one day. The October peak suggests front-loading audit / review staffing for fall.

Pro-se filer planning

For pro-se filers planning their case, the seasonal pattern matters less than the procedural deadlines. But knowing that filings cluster around end-of-month makes some sense of why local courts emphasize advance scheduling.

Empirical research caution

Studies examining bankruptcy filing volume should account for seasonal patterns. Cross-month comparisons need seasonal adjustment; year-over-year comparisons at the monthly level need to factor in calendar effects (e.g., differences in number of business days per month).

Methodology

201,979 cases analyzed, 1996-2025. Restricted to standard chapter cases (7, 11, 13). Date_filed field is reliable; case_office and chapter classifications are reliable. Day-of-week computed from calendar; day-of-month and month-of-year are direct extractions.

Open dataset

Citation

Open Bankruptcy Project (2026). Bankruptcy Filing Seasonality Dataset, v0.1.
501(c)(3) public charity (EIN 41-5159631).
URL: https://viz.openbankruptcyproject.org/seasonality/
License: CC BY 4.0