ALEXANDRIA, Va. — The American Bankruptcy Institute found
that total bankruptcy filings in the United States for May decreased 12 percent
year-over-year.

Drops at that level or higher have been reported during four
of the first five months of 2013.

According to data provided by Epiq Systems, bankruptcy
filings totaled 96,430 in May, down from last May's total of 109,538.

Consumer filings declined 11 percent to 92,413 from the May
2012 consumer filing total of 104,197.

Total commercial filings last month decreased to 4,017,
representing a 25-percent decline from the 5,341 business filings recorded in
May of last year.

Total commercial Chapter 11 filings also decreased 25
percent to 537 filings in May from the 716 commercial Chapter 11 filings last
May.

"Sustained low interest rates, tighter lending standards and
decreased consumer spending are assisting consumers and companies to shore up
their balance sheets," ABI executive director Samuel Gerdano said.

"As households and businesses remain committed to
deleveraging, the number of filings will continue to decrease," Gerdano continued.

Total bankruptcy filings for the month of May decreased 4
percent compared to the 100,732 total filings in April.

Total noncommercial filings in May decreased 4 percent from
the April noncommercial filing total of 96,530.

Commercial filings decreased 8 percent in May from the April
commercial filing total of 4,382.

May commercial Chapter 11 filings decreased 24 percent when
compared to the 704 filings recorded the previous month.

ABI reported that the average nationwide per capita bankruptcy
filing rate through May increased to 3.57 (total filings per 1,000 per
population) from the 3.52 rate registered through the first four months of the
year.

Average total filings per day in May were 3,111, a 12-percent
decrease from the 3,534 total daily filings in May 2012.

States with the highest per capita filing rate (total
filings per 1,000 population) in May were:

1. Tennessee (6.76)

2. Georgia (5.85)

3. Alabama (5.75)

4. Illinois (5.56)

5. Utah (5.44)

ABI has partnered with Epiq Systems, a leading provider of
managed technology for the global legal profession, in order to provide the
most current bankruptcy filing data for analysts, researchers and members of
the news media.

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