Home BusinessBankruptcy Cases Rise 13.1 Percent Over Previous Year

Bankruptcy Cases Rise 13.1 Percent Over Previous Year

by Cami Ezenwa
Mother

Bankruptcy cases as evidenced by filings rose 13.1 percent during the 12-month period ending March 31, 2025.

That is a similar rate of acceleration as in the Dec. 31, 2024, quarterly report, but new bankruptcy cases remain significantly lower than after the 2007-08 Great Recession.

According to statistics released by the Administrative Office of the U.S. Courts, total filings rose to 529,080 cases, compared with 467,774 cases reported during the year ending March 31, 2024.

Business filings increased 14.7 percent, from 20,316 in March 2024 to 23,309 in the newest report. Non-business filings rose 13.0 percent, from 447,458 in March 2024 to 505,771 in March 2025.

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Bankruptcy totals for the previous 12 months are reported four times annually.

For more than a decade, total filings on bankruptcy cases fell steadily, from a high of nearly 1.6 million in September 2010 to a low of 380,634 in June 2022. Total filings have increased each quarter since then, but they remain far lower than historical highs.

Business and Non-Business Filings, Years Ending March 31, 2021-2025
Year Business Non-Business Total
2025 23,309 505,771 529,080
2024 20,316 447,458 467,774
2023 14,467 388,806 403,273
2022 13,160 382,213 395,373
2021 19,911 453,438 473,349
Total Bankruptcy Filings By Chapter, Years Ending March 31, 2021-2025
Year Chapter
7 11 12 13
2025 320,571 8,844 259 199,130
2024 271,825 8,036 155 187,539
2023 231,200 5,371 148 166,449
2022 265,071 4,333 228 125,655
2021 345,224 7,823 487 119,502

Adapted from https://www.uscourts.gov/

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Cami Ezenwa is a Writer, Editor, Publicist, Biographer and Journalism Trainer
He has worked with the Daily Times, Daily Independent, Financial Standard and Business Television to mention some.
His ongoing Corporate Communications Master Class training series equips learners with credible hands-on skills for effective Media Relations, Public Communications & Corporate Affairs amongst others.
He can be contacted via 09165809519 or 08180335778.

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