Bankruptcy filings across all chapters grew by nearly 10% in the first quarter of 2025 compared to the same period last year as economic pressures on consumers and businesses mount.
The Administrative Office of the US Courts released statistics Thursday showing a jump in total bankruptcy filings that continues a trend of quarterly increases since the middle of 2022.
Non-business filings showed particularly stark changes, shooting up to 128,415 this year from 116,877 in the first quarter of 2024. Business filings—predominantly filed under Chapters 7 or 11 of the US Bankruptcy Code—grew modestly between the same time frames, with an ...
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