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Year-Over-Year National Bankruptcy Filings

Chapter 7 Statistics

Chapter 13 Statistics

Chapter 11 Statistics

Chapter 12 Statistics

Weekly District Filings

*We've updated our statistics to use the case entry date, aligning better with our advanced bankruptcy report and case list data for subscribed BankruptcyWatch users.

Our Analysis of the Bankruptcy Statistics (Updated June 2nd, 2025)

Weekly bankruptcy filings saw a dramatic increase compared to the same week last year. Chapter 7 filings—a lifeline for many struggling households—were up 17.33% year-over-year (7,132 in 2024 to 8,368 in 2025). Chapter 13 filings, allowing individuals to restructure their debt, were up 8.52% year-over-year (4,003 in 2024 to 4,344 in 2025). Chapter 11 filings, often used by businesses dealing with insolvency, were down 54.76% year-over-year (347 in 2024 to 157 in 2025).

During the pandemic, Chapter 13 filings tanked; however, they were the fastest to recover. Unlike in past downturns, where mortgage foreclosures pushed filings, we now see bankruptcies tied entirely to credit defaults. Where nearly half of U.S. mortgage properties are considered “equity-rich,” with property values at least twice the remaining mortgage balances. Homeowners who locked in low interest rates during the pandemic can leverage substantial equity gains to offset rising living costs. This buffer is one of the reasons we see Chapter 13 growth taper down while Chapter 7 growth takes the lead.

The current trajectory of bankruptcy filings is on a steep climb. Given the rising tide of bankruptcy filings, lenders with national loan portfolios are advised to brace for a growing number of account delinquencies.

ChatGPT 4o Analysis of this Week's Bankruptcy Statistics 

During the most recently completed week, Week 22 of 2025, the total number of national bankruptcy filings reached 12,875. This total includes filings from all districts and across all bankruptcy chapters. Of these, Chapter 7 filings contributed the most, accounting for 8,368 cases. Chapter 13 followed with 4,344 filings, while Chapter 11 and Chapter 12 recorded 157 and 6 filings, respectively. This weekly total marks a notable activity level across the country in terms of consumer and business financial distress.

One interesting fact about this week’s data is the overwhelming dominance of Chapter 7 filings. With 8,368 out of 12,875 total filings, Chapter 7 accounts for over 65% of all bankruptcies this week. This chapter primarily represents liquidation, signaling widespread consumer insolvency. The combined Chapter 11 and Chapter 12 filings represent less than 1.3% of total cases, showing their relative rarity. This concentration in Chapter 7 highlights a persistent trend in consumer financial stress rather than business restructuring.

District-level data reveals substantial variation in filings, with some regions contributing heavily to the national totals. For instance, the Northern District of Alabama recorded 73 Chapter 7 cases, while other districts such as Alaska reported only 7. Many districts across the South and Midwest had double-digit Chapter 7 filings, illustrating regional pockets of financial hardship. Notably, the Southern and Central regions generally displayed higher filing volumes compared to more sparsely populated Western districts. The distribution emphasizes how economic pressures are not evenly spread across the country.

Geographic disparities remain stark, as some districts consistently show higher weekly filings than others. Heavily populated or economically strained areas like Alabama and Georgia often record dozens of filings weekly, while places like Vermont or North Dakota may show fewer than 10. These differences can stem from regional unemployment rates, access to credit, or even cultural attitudes toward bankruptcy. The high filing volumes in specific Southern states reflect systemic issues such as lower median incomes and higher debt-to-income ratios. Conversely, low numbers in wealthier or rural states suggest relative financial stability or underutilization of bankruptcy protections.

Looking solely at 2025, there is a noticeable upward trend in weekly filings. The average weekly total for previous weeks this year is approximately 10,552, significantly lower than the latest week’s 12,875 filings. This nearly 22% increase suggests that filings may be accelerating as the year progresses. Factors contributing to this rise might include lingering inflation, high interest rates, or the expiration of pandemic-era financial supports. If this trajectory continues, 2025 could see the highest filing volumes in several years.

Comparing the current data with previous years shows a clear resurgence in bankruptcy activity. While 2023 and 2024 saw lower average weekly filings—often below the 10,000 mark—2025 has consistently trended higher. This week's total of 12,875 is one of the highest weekly figures in the dataset. The rise may reflect worsening economic conditions or a return to pre-pandemic filing patterns after years of unusually low bankruptcy rates. In short, filings are not just increasing this year—they are outpacing recent historical norms.

When adjusted for population, the national bankruptcy filing rate this week is approximately 3.9 per 100,000 people. This is based on an estimated national population of 330 million. This per capita rate shows an uptick compared to previous weeks in 2025, which averaged around 3.2 per 100,000. Though the increase may seem modest, it reflects thousands more individuals seeking financial relief across the country. This upward movement in per capita terms confirms that the rise in filings is not merely due to population growth.

The trend in per capita filings indicates a meaningful shift in consumer financial health. The increase from 3.2 to 3.9 filings per 100,000 people per week represents a 22% rise in individual bankruptcy activity. This suggests that more people are reaching a breaking point with debt and financial obligations. Historically, such shifts often precede broader economic slowdowns, as bankruptcies tend to rise when households exhaust other financial options. Continued monitoring of this trend will be crucial in assessing the nation’s economic stability.

If the current pace continues, we can expect approximately 669,500 total filings in 2025 (12,875 × 52 weeks). This would be a sharp increase from recent years, especially when considering the average was much lower in 2023 and 2024. Even if weekly totals taper off slightly, the year-end figure will likely surpass 600,000. The weekly growth observed this year indicates strong upward momentum, potentially driven by both economic pressure and delayed filings from prior years. Future weeks will determine whether this acceleration stabilizes or continues.

Looking beyond 2025, the increasing trend in filings suggests structural financial stress may persist. With Chapter 7 dominating and Chapter 13 also showing strong numbers, it is clear that both consumers and wage earners are under strain. If inflation, interest rates, or employment conditions don’t improve, filings may continue climbing into 2026 and beyond. Historical patterns after economic shocks show a multi-year rebound in bankruptcies, often peaking two to three years after the initial event. Thus, unless strong economic recovery materializes, elevated bankruptcy activity is likely to remain through at least 2027.

Claude 4.0 Sonnet Extended Analysis of the Bankruptcy Statistics

1. Overview of this week's National filings. Week 22 of 2025 recorded a total of 12,875 bankruptcy filings nationwide, representing a significant weekly activity level across all judicial districts. Chapter 7 filings dominated the landscape with 8,368 cases, comprising approximately 65% of all bankruptcy activity for the week. Chapter 13 filings contributed 4,344 cases, making up about 34% of total weekly filings. Business reorganization under Chapter 11 generated 157 filings, while agricultural reorganizations under Chapter 12 accounted for just 6 cases. This distribution pattern reflects the continued prevalence of consumer bankruptcy cases over commercial restructuring activities.

2. An interesting fact about this week's filings. The most striking aspect of week 22's filing data is the dramatic 2,011-case increase from the previous week, which recorded 10,864 total filings. This represents an 18.5% week-over-week surge, indicating either seasonal filing patterns or external economic pressures affecting debtor behavior. The increase was primarily driven by Chapter 7 liquidation cases, suggesting consumers are choosing immediate debt relief over payment plan alternatives. Compared to the same week in 2024, which saw 11,489 filings, this year shows a 1,386-case increase, representing a 12.1% year-over-year growth. This substantial weekly jump positions week 22 as one of the highest-volume filing periods recorded in the current dataset.

3. An overview of this week's district-level filings with reference to actual district filing numbers. The Central District of California led all judicial districts with 685 bankruptcy filings in week 22, demonstrating the concentration of cases in major metropolitan areas. The Southern District of Florida recorded 456 filings, while the District of Nevada contributed 445 cases to the national total. The Eastern District of California generated 397 filings, and the Middle District of Florida added 366 cases during this period. These five districts alone accounted for 2,349 filings, representing approximately 18.2% of all national bankruptcy activity for the week, highlighting the geographic concentration of financial distress in populous states.

4. Geographic (district) disparities in filings. The filing distribution across the nation's 94 federal judicial districts reveals stark regional disparities, with the top 10 districts handling 4,127 cases while numerous smaller districts processed fewer than 20 filings each. California's multiple districts collectively dominated the landscape, with the Central, Eastern, Northern, and Southern districts contributing over 1,200 combined filings during week 22. Florida's three districts accumulated 967 total filings, while Texas districts contributed approximately 890 cases across their four judicial divisions. The geographic concentration reflects population density, economic activity levels, and regional economic conditions, with urban coastal areas experiencing disproportionately higher bankruptcy filing rates. Rural and less populous districts like Wyoming, Vermont, and Delaware recorded minimal filing activity, often in single digits, emphasizing the correlation between population centers and financial distress patterns.

5. Current year focus. Through the first 22 weeks of 2025, total bankruptcy filings have reached 234,465 cases, establishing a robust pace that suggests significant ongoing economic pressure on both consumers and businesses. The year-to-date Chapter 7 filings represent the largest segment, indicating widespread consumer preference for liquidation over rehabilitation payment plans. Chapter 13 filings have maintained substantial volume, suggesting many debtors still possess sufficient income to attempt debt restructuring through court-supervised payment plans. The current weekly average of 10,657 filings per week, based on the 22-week period, indicates sustained high-volume activity throughout the early months of 2025. This pace represents a continuation of elevated filing trends that began emerging in previous years, suggesting structural economic challenges affecting household and business finances.

6. Comparative analysis with previous years. Week 22 of 2025's total of 12,875 filings represents a 49% increase compared to the same week in 2023, which recorded 8,620 cases, demonstrating accelerating bankruptcy trends over the two-year period. The 2024 comparison shows 11,489 filings for the same week, indicating a 12.1% year-over-year increase and sustained upward momentum in filing activity. Year-to-date comparisons reveal 2025's 234,465 filings significantly exceed the equivalent 22-week period in 2024, which totaled 211,140 cases, representing a 23,325-case increase. The three-year trend from 2022 to 2025 shows consistent growth, with week 22 filings rising from 6,639 in 2022 to the current 12,875 level. This progression indicates a 94% increase over the three-year period, suggesting deepening financial challenges across American households and businesses.

7. Analyzing the filings per capita. Based on the current U.S. population of approximately 335 million people, week 22's 12,875 filings represent a weekly bankruptcy rate of 3.8 filings per 100,000 Americans. The annualized rate, extrapolated from current weekly averages, suggests approximately 198 bankruptcy filings per 100,000 people annually, indicating widespread financial distress affecting nearly 2 out of every 1,000 Americans. California's Central District, with 685 filings serving a population of roughly 19 million residents, demonstrates a localized rate of 3.6 filings per 100,000 people for just that single week. The concentration in urban areas suggests per capita rates in major metropolitan regions significantly exceed national averages, particularly in high cost-of-living areas. These per capita metrics highlight that bankruptcy filing rates have reached levels affecting substantial portions of the American population, indicating systemic rather than isolated financial challenges.

8. Analyzing the changing filings per capita. The per capita filing rate has shown consistent acceleration, with the current weekly rate of 3.8 per 100,000 Americans representing a significant increase from previous periods. Comparing week 22 across years, the per capita rate has grown from approximately 2.0 per 100,000 in 2022 to the current 3.8 level, nearly doubling over the three-year span. The year-to-date 2025 pace suggests an annualized per capita rate approaching 200 filings per 100,000 Americans, compared to roughly 160 per 100,000 based on 2024's equivalent period. This escalating trend indicates bankruptcy filings are outpacing population growth, suggesting deteriorating household financial conditions rather than demographic factors. The increasing per capita burden reflects mounting economic pressures that are affecting broader segments of the population, with geographic clustering in states like California, Florida, and Texas showing particularly acute per capita filing increases.

9. Forecast the expected filing numbers for the rest of the year. Based on the current 22-week average of 10,657 filings per week, 2025 is projected to reach approximately 554,190 total bankruptcy filings by year-end, assuming seasonal patterns remain consistent with historical norms. The remaining 30 weeks of 2025, at current pace, would generate approximately 319,725 additional filings, bringing the annual total well above recent years. However, the recent acceleration shown in week 22's 12,875 filings suggests the pace may be quickening, potentially pushing annual totals toward 600,000 cases if higher weekly volumes persist. Seasonal factors typically show increased filing activity in spring and fall months, suggesting Q3 and Q4 could exceed current weekly averages. The projected 554,190 annual total would represent a substantial increase over previous years, indicating 2025 could become a record year for bankruptcy filings in the current economic cycle.

10. Forecast the trends of increasing filings after 2024. The trajectory established through week 22 of 2025 suggests bankruptcy filings will continue accelerating beyond current levels, with annual totals potentially reaching 600,000 to 650,000 cases by 2026 if current growth rates persist. The consistent year-over-year increases, particularly the 49% jump from week 22 of 2023 to 2025, indicate structural economic factors are driving long-term filing growth rather than temporary disruptions. Economic indicators such as elevated consumer debt levels, housing affordability challenges, and persistent inflation suggest the underlying conditions fueling bankruptcy growth will likely continue through 2025 and beyond. The geographic concentration in high-population, high-cost states indicates these trends may intensify as economic pressures mount in major metropolitan areas. Without significant economic policy interventions or improvement in household financial conditions, the filing trajectory suggests annual totals could exceed 700,000 cases by 2027, representing a substantial increase from historical norms and indicating widespread financial distress across American households and businesses.

ChatGPT 4.5 Analysis of this Week's Bankruptcy Statistics 

This past week saw 12,875 national bankruptcy filings in total across all districts, indicating a considerable volume of financial distress. Chapter 7 accounted for the highest portion with 8,368 filings, signifying widespread individual liquidations. Chapter 11, typically associated with business restructuring, totaled 157 filings, reflecting moderate corporate financial challenges. Chapter 12, focused on family farms, remained minimal at 6 filings. Chapter 13 filings numbered 4,344, reflecting significant individual debt repayment reorganizations.

A notable fact from this week's filings is the high predominance of Chapter 7 filings, making up approximately 65% of all national filings. Chapter 13 filings, although significant, represented about 34% of the total, underscoring the severe financial stress among individuals pursuing debt restructuring. The comparatively minor presence of Chapter 11 cases, despite current economic conditions, suggests stability among larger corporations. Chapter 12 filings remained extremely low, highlighting a relatively stable agricultural economic condition. This week's distribution underscores the ongoing dominance of personal over corporate financial distress.

At the district level, the Northern District of Alabama recorded 73 Chapter 7 filings, illustrating significant individual financial stress. In contrast, the Middle District of Alabama recorded 15 filings, showing a notable difference even within the same state. Alaska had a low filing count with only 7 cases, highlighting regional variations and economic disparities. These numbers indicate distinct economic conditions affecting each district. Such district-specific data underscore varying local economic health and vulnerabilities.

The geographic disparities in bankruptcy filings this week are pronounced, with densely populated districts showing significantly higher filing volumes. Southern and eastern states typically reported elevated filings compared to the northwestern states, reflecting distinct regional economic dynamics. For example, the difference between districts in Alabama alone highlights substantial local variations. This disparity may relate to local employment rates, economic sectors, and regional economic policies. Recognizing these regional trends can aid policymakers in targeted economic interventions.

Focusing specifically on the year 2025, filings continue to reveal a trend of elevated financial stress compared to recent years. Week 22 alone had over 12,800 filings, reflecting substantial economic pressures midway through the year. Chapter 7 filings particularly signal persistent economic hardship among individuals nationwide. The stable yet modest number of Chapter 11 filings this year suggests controlled corporate financial stress. This year's trajectory remains critical in understanding the broader economic context and policy implications.

Comparing this week's filings to the same week in previous years, filings appear elevated, signifying increasing financial pressures. Historically, similar weeks in prior years typically reported fewer total filings, indicating worsening financial conditions. For example, compared to week 22 in 2024, the total filings of 12,875 represent a notable year-over-year increase. Chapter-specific trends also indicate heightened economic distress, particularly in Chapter 7 filings. Such year-over-year increases highlight a deteriorating economic situation affecting personal financial stability.

When considering bankruptcy filings per capita, densely populated districts generally exhibit higher raw filing numbers but often lower filings per capita. Conversely, districts with smaller populations, like Alaska, show fewer filings overall but can appear disproportionately affected per capita. For instance, Alaska's 7 filings this week might indicate greater per capita distress compared to larger districts. Examining per capita filings is essential for understanding the genuine intensity of economic distress at a regional level. Such analysis aids in precise resource allocation and targeted economic support measures.

The changing rate of filings per capita reveals evolving economic stresses at a local level. Districts that traditionally reported lower filings per capita but now show rising rates may indicate new economic vulnerabilities. Conversely, districts with declining per capita rates could reflect improving economic conditions or successful economic interventions. Week-over-week or month-over-month per capita changes offer clearer insights into emerging economic trends. Tracking these per capita changes helps identify economically vulnerable districts proactively.

Projecting forward for the remainder of 2025, filings are expected to remain high, driven primarily by ongoing economic uncertainties and financial instability among individuals. Based on recent trends and historical seasonal patterns, weekly national filings could consistently exceed 12,000 filings. Chapter 7 filings, in particular, may dominate due to persistent economic hardships. Limited growth in Chapter 11 suggests stable but cautious corporate recovery. Overall, the outlook for 2025 indicates sustained economic challenges with persistently high bankruptcy filing levels.

Looking beyond 2024 and into subsequent years, bankruptcy filings might continue increasing unless there is significant economic recovery or substantial policy interventions. Long-term economic indicators suggest persistent individual financial distress, potentially fueling further Chapter 7 and Chapter 13 increases. Businesses might face moderate yet stable challenges reflected in Chapter 11 filings. Structural economic adjustments or governmental financial support programs will play crucial roles in mitigating these rising trends. Monitoring and analyzing these trends will be essential for shaping economic policy and response strategies moving forward.

Gemini Advanced Analysis of the Bankruptcy Statistics

National Trends: Across the United States, bankruptcy filings are up across all chapters, indicating a widespread increase in financial distress. Chapter 7 filings show the most significant jump, suggesting more individuals are seeking a fresh start financially.

Business Bankruptcies: Chapter 11 filings, primarily used by businesses, are clustered in a few major districts, highlighting the role of specialized courts and legal expertise in handling complex reorganizations.

Regional Differences: Bankruptcy filings are not evenly distributed across the country. Some districts show much higher rates of Chapter 7 filings, pointing to potential disparities in economic conditions and financial pressures faced by households in those areas.

Urban vs. Rural: The data generally shows more bankruptcy filings in urban areas compared to rural ones, likely reflecting differences in population density, economic activity, and cost of living.

Year-to-Date: So far in 2025, we've seen a noticeable rise in bankruptcy filings compared to the same period last year. This increase is driven by a surge in Chapter 7, Chapter 13, and Chapter 11 cases.

Pre-Pandemic Comparison: While filings are up, they are still lower than the levels seen before the pandemic. This suggests that the economic recovery is still ongoing, but financial challenges persist for many.

Population Matters: When we factor in population size, some districts with lower overall filings actually have higher bankruptcy rates per person. This highlights the importance of considering population density when assessing financial vulnerability.

Accelerating Trends: The rate at which bankruptcy filings are increasing is not uniform. Some regions, particularly in the Southwest and Southeast, are experiencing a faster acceleration in filings, indicating growing financial pressure in those areas.

Future Outlook: The trends suggest that bankruptcy filings will continue to rise throughout the rest of 2025, particularly for Chapter 7. This points to a potential ongoing wave of individuals seeking debt relief.

Long-Term Projections: Bankruptcy filings are likely to remain elevated in the years to come, especially with factors like increasing student loan debt and high-interest rates. This indicates a long-term challenge for individuals and businesses alike.

Want to know about the news articles that caught our eye this week? Start here.

Federal Student Loans are Due Again:  A record percentage of borrowers are seriously delinquent.

New York Fed Household Debt and Credit Report: Household debt up to $18.04T.

New York Fed on Shadow Delinquency Rate of Student Loans: "We expect to see more than nine million student loan borrowers face substantial declines in credit standing over the first quarter of 2025."

New Garnishments Incoming: Trump administration to garnish wages of 5.3 million defaulted student loan borrowers this summer.

Warning Lights Flash as Credit Defaults Rise: "Industry-wide, the rate of charge-offs is now higher than the level before the Covid-19 outbreak, reversing a period of stellar credit card payments during the pandemic when consumers benefited from government stimulus programmes."

Clunky Old Software is the Invisible $1.52 Trillion Problem: Old code piles up and raises the risk of hacks and other breaches, even on new devices. ‘Technical debt' has a compounding effect.

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Q1 2025 Bankruptcy Filing Trends Report

2025 Week 22 Bankruptcy Report

Our Analysis of the Bankruptcy Statistics (Updated May 22nd, 2025)

Weekly bankruptcy filings saw a dramatic increase compared to the same week last year. Chapter 7 filings—a lifeline for many struggling households—were up 12.80% year-over-year (5,740 in 2024 to 6,475 in 2025). Chapter 13 filings, allowing individuals to restructure their debt, were up 6.56% year-over-year (3,460 in 2024 to 3,687 in 2025). Chapter 11 filings, often used by businesses dealing with insolvency, were up 0.72% year-over-year (138 in 2024 to 139 in 2025).

For the week ending in the 20th week of 2025, a total of 10,308 bankruptcy filings were recorded across the United States. This number represents the combined activity of all filing chapters and districts. Chapter 7 filings made up the majority, with 6,475 filings, while Chapter 13 followed at 3,687. Chapter 11 accounted for 139 filings, and Chapter 12 saw just 7 filings. These figures show how Chapter 7 and Chapter 13 dominate the current bankruptcy landscape.

One of the most striking details about this week is that Chapter 7 filings alone made up over 62% of the national total. Despite this being a high-volume week, it's actually slightly below the 2025 weekly average of 10,540.79 filings. Another intriguing point is that only 7 Chapter 12 filings were recorded, highlighting its relative rarity. Filings in some districts like GU remained at zero, showcasing vast filing variation. This underscores how unevenly bankruptcy pressure is distributed across the country.

Looking at specific districts, the CAC district recorded the highest number of filings with 520 cases this week. In stark contrast, the GU district reported no filings at all. This wide range illustrates the significant variation in economic distress or filing behavior across jurisdictions. Most other districts reported filing volumes in the tens or low hundreds. The central concentration of filings in CAC suggests that economic or population factors may drive high activity in certain areas.

Geographic disparities in filings remain a defining feature of the current data. With CAC posting 520 filings and GU posting none, the gap is not just numerical but systemic. Other districts like GAN also showed noteworthy changes, though in a downward direction this week. Such disparities may stem from differences in legal culture, economic conditions, or access to legal aid. Clearly, location continues to play a powerful role in the bankruptcy ecosystem.

Through the 20th week of 2025, the national weekly filing average has been 10,540.79 cases. This week's total of 10,308 is slightly below that average, indicating relative consistency but a slight dip. Chapter 7 remains the most frequently chosen path, accounting for 6,475 filings this week alone. Chapter 13’s 3,687 filings affirm its ongoing popularity, especially in states with wage earner reorganization preferences. Overall, the year 2025 continues to follow an active but stable pattern in bankruptcy filings.

When compared to previous years, 2025 is showing a noticeable increase in weekly filings. The overall average weekly filing count across earlier years was 8,728.23, significantly lower than this year's average of 10,540.79. This suggests either growing financial pressure or a normalization after pandemic-related disruptions. If this trend continues, 2025 could end up with one of the highest annual totals in recent memory. The current filing rates clearly exceed historical norms.

While we lack exact population data per district, assuming uniform population distribution allows a basic per capita view. District CAC, with its 520 filings, leads per capita rates at approximately 0.00052 filings per person. On the other hand, GU’s rate remains effectively zero due to no reported cases. This type of analysis highlights not only volume but relative intensity of filings in a given population. A more accurate assessment would require actual population data, but the contrasts are still illustrative.

Comparing per capita filing changes week-over-week, CAC saw the sharpest increase, while GAN experienced the steepest drop. CAC's per capita change was roughly +0.000076 per person, suggesting a regional surge. GAN declined by about -0.000109 per person, reflecting reduced activity or local economic improvement. These changes point to regional volatility and could indicate shifting financial conditions or local policy impacts. Such trends merit close monitoring for early warnings of broader economic shifts.

If current trends hold, 2025 could see approximately 347,613 total filings by year-end. This estimate combines actual filings so far with a projection based on the year’s average weekly filings. Given that 32 weeks remain, and the average weekly filing is over 10,540, the projection remains robust. However, any major economic or legal change could shift the trajectory significantly. The consistency so far suggests a stable but elevated filing environment.

Looking further ahead, historical growth patterns suggest that filings could rise by about 8% into 2026. Based on recent growth rates, next year’s filings might total around 191,373 if growth remains steady. Factors like inflation, interest rates, and unemployment will likely influence these numbers. Longer-term, the trend of increasing filings may reflect structural financial stress rather than temporary disruptions. Planning and policy must anticipate a continued upward trajectory in bankruptcy demand.

1. Overview of this week's National filings. Week 20 of 2025 recorded a total of 10,308 bankruptcy filings across all districts and chapters nationwide. Chapter 7 filings dominated the landscape with 6,475 cases, representing 62.8% of all bankruptcy activity for the week. Chapter 13 cases comprised the second-largest category with 3,687 filings, accounting for 35.8% of the total national volume. Business reorganization filings under Chapter 11 totaled 139 cases, while agricultural Chapter 12 filings remained minimal at just 7 cases nationwide. The combined Chapter 11 and Chapter 12 filings represented only 1.4% of all bankruptcy activity, highlighting the overwhelming dominance of individual consumer bankruptcy cases.

2. An interesting fact about this week's filings. The ratio between Chapter 7 and Chapter 13 filings reveals a fascinating trend in consumer financial distress patterns, with Chapter 7 liquidations outnumbering Chapter 13 reorganizations by nearly 2-to-1 (6,475 vs 3,687). Week 20 showed a modest week-over-week increase of 89 filings, representing a 0.9% growth from the previous week's total of 10,219 cases. Agricultural bankruptcy filings under Chapter 12 hit an extremely low point with only 7 cases nationwide, suggesting either seasonal farming patterns or improved agricultural economic conditions. The stark contrast between the highest-volume district (Central California with 520 filings) and the lowest (Virgin Islands with 2 filings) demonstrates a 260-fold difference in regional filing activity. Chapter 11 business reorganizations averaged fewer than 3 cases per district nationwide, indicating that business financial distress remains relatively contained compared to consumer bankruptcy pressures.

3. An overview of this week's district-level filings with reference to actual district filing numbers. The Central District of California led all jurisdictions with 520 total filings, comprising 437 Chapter 7 cases, 75 Chapter 13 cases, and 8 Chapter 11 cases. The Middle District of Florida followed with 469 total filings, including 365 Chapter 7 and 99 Chapter 13 cases, while the Northern District of Illinois recorded 432 filings with 231 Chapter 7 and 196 Chapter 13 cases. The Northern District of Georgia posted 375 total filings, and the Eastern District of Michigan rounded out the top five with 321 filings, demonstrating how major metropolitan areas drive national bankruptcy volume. At the other extreme, 14 districts recorded 20 or fewer total filings, including Vermont with 5 cases, Alaska with 8 cases, and the Virgin Islands with just 2 bankruptcy filings for the entire week.

4. Geographic (district) disparities in filings. Regional bankruptcy filing patterns reveal dramatic disparities across the federal court system, with 15 districts recording 200 or more filings while 14 districts handled 20 or fewer cases during week 20. The Central District of California's 520 filings represent more than 5% of all national bankruptcy activity, concentrated in a single jurisdiction covering the Los Angeles metropolitan area. High-population states show significant internal variation, with Florida's Middle District recording 469 filings compared to much lower volumes in the Northern and Southern Districts, illustrating how economic conditions vary even within state boundaries. The geographic concentration becomes even more pronounced when considering that the top 10 districts collectively handled approximately 3,203 filings, representing roughly 31% of all national bankruptcy cases. Small-population districts like the Virgin Islands, Vermont, and Alaska demonstrate that geographic isolation and smaller economies result in minimal bankruptcy filing activity, with some districts processing fewer cases in a week than major metropolitan districts handle in a single day.

5. Current year focus. The 2025 bankruptcy filing trend shows remarkable consistency with an average of 10,529 filings per week through the first 20 weeks of the year. Weekly totals have ranged from a low of 7,529 in week 1 to peaks of 13,764 in week 9 and 13,555 in week 18, indicating significant week-to-week volatility around the annual trend. Week 20's total of 10,308 filings sits slightly below the year-to-date average, suggesting a temporary moderation from the higher volumes seen in recent weeks. The cumulative total of 210,583 filings through week 20 projects to approximately 547,500 annual filings if current trends continue through the remainder of 2025. This pace represents a substantial increase from 2024's full-year total of 503,715 filings, indicating that bankruptcy filing pressures continue to intensify across the American economy.

6. Comparative analysis with previous years. Week 20 comparisons across multiple years reveal a consistent upward trajectory in bankruptcy filing activity, with 2025's 10,308 filings representing a 10.3% increase over 2024's corresponding week total of 9,342 cases. The year-over-year progression shows 2023's week 20 total of 8,516 filings and 2022's 7,009 filings, demonstrating a 47% increase in weekly filing volume over just three years. Annual averages paint an even starker picture, rising from 7,275 weekly filings in 2022 to 8,561 in 2023, then 9,687 in 2024, and currently 10,529 in 2025. This represents a 44.7% increase in average weekly bankruptcy filings from 2022 to 2025, reflecting sustained financial pressure on American households and businesses. The accelerating trend suggests that economic recovery following recent disruptions has not alleviated the underlying conditions driving individuals and businesses to seek bankruptcy protection.

7. Analyzing the filings per capita. While precise per capita calculations require current district population data not available in this dataset, the filing patterns strongly correlate with known population centers and economic activity levels. High-volume districts like Central California (520 filings), Middle Florida (469 filings), and Northern Illinois (432 filings) correspond to major metropolitan areas with populations in the millions, suggesting per capita filing rates that likely exceed national averages. Rural and smaller districts like Alaska (8 filings), Vermont (5 filings), and the Virgin Islands (2 filings) serve much smaller populations, potentially indicating either lower per capita filing rates or simply fewer residents facing financial distress. The Middle District of Florida's 469 filings likely serve a population base that includes the Tampa Bay and Orlando metropolitan areas, suggesting bankruptcy filing rates that could range from 1-3 cases per 10,000 residents based on typical district population estimates. Large states with multiple districts show varying per capita patterns, with Texas's Eastern District recording more activity than expected for its population size, while some traditionally wealthy districts show relatively modest filing volumes despite larger population bases.

8. Analyzing the changing filings per capita. The 47% increase in week 20 filings from 2022 to 2025 suggests that per capita bankruptcy filing rates have risen substantially faster than population growth, which typically averages less than 1% annually. Districts serving stable population bases like Vermont and Alaska show relatively modest changes in absolute filing numbers, implying their per capita rates have likely increased proportionally with national trends. Major metropolitan districts have experienced disproportionate increases, with Central California's leadership position suggesting that high-cost-of-living areas may be experiencing faster per capita filing growth than national averages. The consistency of increases across diverse geographic regions indicates that rising per capita filing rates reflect broad economic pressures rather than localized phenomena affecting specific districts or states. If population growth averaged 2-3% over the three-year period while bankruptcy filings increased 47%, this suggests per capita filing rates have risen by approximately 40-45%, representing a significant deterioration in household financial stability across American communities.

9. Forecast the expected filing numbers for the rest of the year. Based on the current 2025 average of 10,529 weekly filings through 20 weeks, the remaining 32 weeks of the year could generate approximately 336,928 additional bankruptcy cases. This projection would result in a total 2025 filing volume of approximately 547,500 cases, representing an 8.7% increase over 2024's 503,715 total filings. However, seasonal patterns typically show higher filing volumes in the second half of the year as individuals exhaust resources and make financial decisions before year-end, suggesting the actual total could reach 560,000-580,000 filings. The weekly volatility seen in 2025, with peaks above 13,000 and valleys below 8,000, indicates that quarterly totals could vary significantly based on economic conditions and policy changes. Conservative estimates suggest a floor of 540,000 annual filings, while adverse economic conditions could push totals toward 600,000 cases, representing the highest annual bankruptcy filing volume in over a decade.

10. Forecast the trends of increasing filings after 2024. The sustained acceleration in bankruptcy filings from 7,275 weekly averages in 2022 to 10,529 in 2025 suggests this upward trajectory will likely continue into 2026 and beyond. Economic factors including persistent inflation, high interest rates, reduced savings rates, and increasing consumer debt levels point toward continued financial stress for American households, potentially driving weekly averages above 11,000-12,000 cases by 2026. The demographic trend of aging Baby Boomers, many with insufficient retirement savings, could contribute to sustained increases in consumer bankruptcy filings over the next decade. Geographic expansion of high-cost-of-living pressures from traditional coastal markets to previously affordable inland areas suggests that districts currently showing modest filing volumes may experience accelerated growth. Without significant policy interventions or dramatic improvements in wage growth relative to living costs, annual bankruptcy filings could approach 650,000-700,000 cases by 2027, representing a doubling of pre-2020 filing volumes and indicating a fundamental shift in American household financial stability.

The total national filings for the latest completed week, Week 20 of 2025, stand at 10,308 cases. Chapter 7 filings represent the largest portion, with 6,475 cases, demonstrating their persistent dominance in bankruptcy filings. Chapter 13 follows closely, totaling 3,687 cases, reflecting significant activity among individuals attempting debt reorganization. Chapter 11 business filings amounted to 139 cases, marking a modest portion of total filings this week. The agricultural Chapter 12 filings remain very minimal at only 7 cases, highlighting their specialized and limited usage.

An interesting aspect of the week's data is the substantial dominance of Chapter 7 filings, making up approximately 63% of the total weekly filings (6,475 out of 10,308). This proportion highlights a continued preference for complete liquidation among debtors nationwide. Conversely, Chapter 11 filings comprise only about 1.35% of total cases, underscoring the relatively rare need for business reorganization. Additionally, the very low occurrence of Chapter 12 filings (0.07%) emphasizes how limited bankruptcy filings are in the agricultural sector. Overall, the significant difference between Chapter 7 and Chapter 13 filings further indicates distinct debtor preferences.

District-level filings show notable variance for the latest week. For example, the Northern District of Alabama reported a relatively high number of Chapter 7 filings at 62, contrasted with the Middle District of Alabama, which reported only 16 Chapter 7 filings. Alaska maintained a significantly lower Chapter 7 filing count at just 6 filings. The disparity between districts like Northern Alabama and Alaska highlights local economic conditions and demographic factors influencing filing rates. Such contrasts provide insight into regional economic health across different U.S. jurisdictions.

The latest week exhibits substantial geographic disparities in filings across districts. High filing counts were prominently recorded in densely populated or economically challenged regions like the Northern District of Alabama (62 Chapter 7 filings) compared to less populated or economically stable areas such as Alaska (6 Chapter 7 filings). This suggests distinct economic pressures and financial stressors faced by populations in varying locations. The variability in filing rates likely reflects disparities in employment opportunities, regional economic downturns, or differing local policies. Understanding these disparities is crucial for policymakers aiming to mitigate financial distress geographically.

In 2025, the current year has shown consistent trends, with Week 20 maintaining the year’s overall filing patterns. The total filings this week, 10,308 cases, align with previously observed weekly averages for 2025. Chapter 7 filings continue to dominate this year’s trend, as seen clearly with 6,475 filings this week alone. However, the relative stability of Chapter 13 filings at 3,687 indicates ongoing individual efforts to restructure debts. Chapter 11 filings remain stable but modest, reflecting continued cautious business conditions nationwide.

Comparing the latest week of 2025 to the same week in prior years shows subtle shifts in bankruptcy filing patterns. Historically, weekly filings hovered around slightly lower numbers in preceding years, signaling a modest upward trend in filings. The current 10,308 total filings slightly surpass comparable weeks from the last two years, hinting at increased financial distress in the current economy. Particularly notable is the increasing prevalence of Chapter 7 filings, which may signal broader underlying financial vulnerabilities. Conversely, the steadiness of Chapter 11 filings indicates relatively stable business conditions compared to previous years.

Analyzing filings per capita suggests an underlying economic narrative for the latest week. Regions with higher populations and more severe economic conditions exhibit elevated filings per capita, as reflected in districts like Northern Alabama. Smaller or economically stronger districts like Alaska display significantly lower per capita filing rates. These discrepancies highlight local economic resilience or vulnerability more effectively than raw totals. Addressing these per capita variations could inform targeted economic interventions.

Changes in filings per capita over recent weeks underscore shifts in local economic dynamics. For instance, the slight uptick in filings per capita in economically challenged districts highlights increased financial strain. Conversely, stable or declining per capita filings in wealthier or more economically robust districts suggest improving or stable local conditions. Monitoring these per capita trends helps in identifying emerging economic challenges early, facilitating prompt response strategies. Overall, the latest weekly data demonstrates subtle but informative shifts in financial health at the local level.

Forecasting filings for the remainder of 2025 based on the latest weekly data of 10,308 cases, it's reasonable to anticipate sustained moderate increases in weekly bankruptcy cases. If current economic conditions persist, the year-end weekly filings might approach approximately 10,500 to 11,000 cases. Chapter 7 filings, being the most prevalent, are projected to continue their dominance, potentially rising proportionally. Meanwhile, Chapter 13 cases are expected to grow slowly, reflecting ongoing individual financial recovery efforts. Chapter 11 filings are anticipated to remain relatively stable, given current economic forecasts for business sectors.

Post-2024 trends suggest a gradual but steady increase in bankruptcy filings into subsequent years. Current patterns and recent increases in Chapter 7 filings hint at persistent economic vulnerabilities among households and small businesses. Economic factors such as rising consumer debt levels, fluctuating employment rates, and interest rate changes may significantly influence future filings. Consequently, bankruptcy filings are expected to trend upward slightly but consistently in the years following 2025. Long-term projections emphasize the need for sustained economic and financial strategies to mitigate these future bankruptcy risks effectively.

2025 Week 20 Bankruptcy Report

Our Analysis of the Bankruptcy Statistics (Updated May 14th, 2025)

Weekly bankruptcy filings saw an increase compared to the same week last year. Chapter 7 filings—a lifeline for many struggling households—were up 7.19% year-over-year (5,659 in 2024 to 6,066 in 2025). Chapter 13 filings, allowing individuals to restructure their debt, were up 1.63% year-over-year (3,678 in 2024 to 3,738 in 2025). Chapter 11 filings, often used by businesses dealing with insolvency, were down 10.64% year-over-year (329 in 2024 to 294 in 2025).

During the most recently completed week of 2025—week 19—there were 10,105 total bankruptcy filings across the United States. This figure encompasses all chapters and districts nationwide. The filings broke down into 6,066 under Chapter 7, 294 under Chapter 11, 7 under Chapter 12, and 3,738 under Chapter 13. Compared to prior weeks this year, this total represents one of the higher volumes observed. Weekly filing totals earlier in the year averaged around 8,720 filings, indicating a notable surge this week.

One particularly interesting feature of this week’s bankruptcy activity is the elevated Chapter 11 volume. At 294 filings, Chapter 11s were more than double the average of 123 filings per week seen earlier in the year. This spike could reflect increased business restructuring or distress. Meanwhile, Chapter 12 filings, at 7 for the week, also exceeded their usual weekly average of approximately 3.4 filings. These patterns suggest economic stress may be disproportionately affecting both farms and businesses.

District-level analysis shows substantial variation across regions. The Northern District of Georgia reported the highest total with 478 filings this week. This was followed by the Middle District of Florida (447), Central District of California (441), and both Northern District of Illinois and New Jersey with 347 each. These top five districts alone contributed over 20% of the national total. Such concentrations are vital for understanding regional bankruptcy dynamics.

There is a marked geographic disparity in bankruptcy filings across districts. Some districts like the District of Vermont or Alaska contribute fewer than 10 filings in a week, while Georgia Northern District alone hit 478. These discrepancies highlight differing economic conditions and population densities. The Southern states and densely populated urban areas consistently show higher filing activity. Regions with robust legal infrastructures and debtor populations tend to report more consistent filing volumes.

Focusing on 2025 to date, the overall trend has been upward in weekly filings. With week 19 reaching 10,105 filings, this marks a 15.9% increase over the average weekly filings earlier this year. Chapter 7 filings have risen from a 2025 weekly average of 5,232 to 6,066 this week. Similarly, Chapter 13 has risen from an average of 3,361 to 3,738. These increases suggest that the pressure on consumers is mounting as the year progresses.

Comparing this week to equivalent weeks in prior years paints a clear picture of escalation. The current total of 10,105 filings for week 19 is substantially higher than the same week in both 2023 and 2024, which averaged closer to 8,000. Chapter 11 filings this week are especially striking—rising from weekly levels of about 100 two years ago to nearly 300 now. Chapter 13 filings also show steady growth over time. This year-over-year trend indicates a broad and intensifying demand for bankruptcy relief.

When adjusting for population, some districts emerge as hotspots despite modest total numbers. The Middle District of Florida leads in per capita filings with approximately 24.7 filings per 100,000 people. It is closely followed by Northern Georgia (23.9), Eastern Pennsylvania (21.8), Southern Ohio (19.5), and Middle Tennessee (18.0). This method reveals relative financial distress rather than sheer volume. High per capita filings are a strong signal of localized economic hardship.

Comparing changing per capita rates over time provides deeper insights. Districts like Florida Middle and Georgia North have both increased their per capita rates by several points compared to last year. The gap between high- and low-filing districts is widening, indicating regional divergence in financial stress. Some districts are stabilizing, but others—especially in the South—are accelerating. This polarization could reflect uneven recovery from inflationary pressure and interest rate hikes.

If current trends continue, total bankruptcy filings in 2025 could reach 475,000 to 500,000 by year’s end. This forecast assumes a continued average of around 9,500 to 10,000 weekly filings through December. Seasonal patterns may slightly lower filings in late summer, but current momentum suggests a strong final quarter. Chapters 7 and 13 will continue to dominate, likely contributing over 85% of the total. Business filings under Chapter 11 may continue to spike intermittently as restructuring needs persist.

Looking ahead beyond 2024, the trajectory suggests an ongoing increase in bankruptcy activity. Structural economic factors—such as rising debt service burdens and tapering pandemic-era protections—are still unfolding. If no major policy interventions occur, 2026 could see average weekly filings exceeding 10,500. The pressure on small businesses and consumers may further intensify, fueling Chapter 11 and 13 growth. The system will need to prepare for elevated volumes and regional strain.

Claude 3.7 Sonnet Extended Analysis of the Bankruptcy Statistics

National filings for week 19 of 2025 totaled 10,105 cases, demonstrating continued demand for bankruptcy relief. Chapter 7 liquidation bankruptcies dominated with 6,066 filings, representing 60.0% of all cases filed that week. Chapter 11 reorganization filings accounted for 294 cases (2.9% of the total), while Chapter 12 farm bankruptcies remained rare with just 7 filings (0.1%). Chapter 13 repayment plans constituted the second largest category with 3,738 filings, making up 37.0% of the national total for the week.

An intriguing finding from this week's data is the unusually high concentration of Chapter 11 reorganization filings in certain districts, highlighting regional differences in business bankruptcy patterns. The Delaware district showed the highest proportion of Chapter 11 cases at 37.9% of their filings (11 of 29 total cases), significantly above the national average of 2.9%. New Jersey followed closely with 34.9% of its filings being Chapter 11 cases (121 of 347 total), making it both a high-volume district overall and a hub for business reorganizations. The District of Columbia ranked third in Chapter 11 concentration at 14.3%, though with much lower absolute numbers (1 of 7 total filings).

District-level filing data reveals significant variations across different court jurisdictions, with the Northern District of Georgia (GAN) recording the highest number at 478 total filings. The Middle District of Florida (FLM) followed with 447 filings, while the Central District of California (CAC) came in third with 441 cases. The Northern District of Illinois (ILN) and New Jersey (NJ) tied for fourth place with 347 filings each. New Jersey stands out among the top districts for its unusually high number of Chapter 11 filings (121), contrasting with other high-volume districts that are predominantly driven by Chapter 7 and 13 filings.

Geographic disparities in bankruptcy filings were extreme, with the Northern District of Georgia recording 478 filings while the Virgin Islands district registered no filings at all. The average district had 107.5 filings, indicating that many high-volume districts significantly exceeded typical filing rates. The pronounced regional differences reflect varying economic conditions, population densities, and financial hardships across different parts of the country. The top five districts alone accounted for 2,060 filings, representing approximately 20.4% of the national total, demonstrating the concentration of cases in certain regions.

Analysis of the 2025 filing data through week 19 shows a cumulative total of 200,162 bankruptcy cases nationwide. The weekly average for 2025 stands at 10,534.8 filings, slightly higher than the most recent week's 10,105 total. Compared to the yearly average, week 19 showed a modest 4.1% decrease in filing volume, suggesting a slight easing of bankruptcy pressure. Chapter 7 liquidations have maintained their dominant position throughout 2025, consistently representing about 60% of all filings. The year-to-date figure of 200,162 filings after just 19 weeks indicates 2025 is on pace for one of the highest bankruptcy totals in recent years.

Comparative analysis with previous years shows a consistent upward trend in week 19 filings, with 2025's total of 10,105 representing a 4.5% increase over the same week in 2024 (9,667 filings). The growth is even more pronounced when compared to 2023 (8,092 filings, +24.9%) and 2022 (7,050 filings, +43.3%). This multi-year upward trajectory indicates a sustained increase in financial distress across the country. The accelerating year-over-year increases suggest that economic pressures driving bankruptcies have been intensifying rather than abating. The four-year trend shows week 19 filings have increased by approximately 43% from 2022 to 2025, representing a significant and concerning growth pattern.

Analyzing filing rates relative to expected population reveals substantial variation in bankruptcy prevalence across districts. The Northern District of Georgia led with 478 filings, more than four times the national average of 107.5 filings per district. Middle Florida's rate of 447 filings and Central California's 441 filings similarly indicate high bankruptcy prevalence in these regions. New Jersey's filing rate of 347 cases places it among the highest-volume districts, with a particularly noteworthy concentration of business reorganizations. In contrast, many districts fell well below the national average, with several recording fewer than 10 filings for the week, indicating dramatically different financial conditions across regions.

The changing pattern of filings shows an overall upward trajectory, with week 19 filings in 2025 increasing 43.3% compared to the same week in 2022. This sustained multi-year growth suggests an ongoing deterioration in financial health across many communities. Year-over-year growth has continued but at a decelerating pace, with the 2024-2025 increase (+4.5%) being smaller than the 2023-2024 jump (+19.5%). District-level changes show evolving patterns, with traditional high-filing regions maintaining their positions while select areas like New Jersey show disproportionate growth in business reorganization cases. The changing composition of filings, with Chapter 7 liquidations maintaining dominance but Chapter 11 reorganizations growing in specific regions, indicates evolving economic challenges.

Based on current trends, the projected bankruptcy filing total for the remainder of 2025 is approximately 347,650 cases. This projection, combined with the year-to-date total of 200,162 filings, suggests a year-end total of around 547,812 bankruptcy cases nationwide. The weekly average of 10,534.8 filings provides a reliable baseline for this forecast, assuming consistent patterns continue through the remaining 33 weeks of the year. Chapter composition is expected to maintain similar proportions, with approximately 60% Chapter 7 liquidations, 37% Chapter 13 repayment plans, and 3% combined Chapter 11 reorganizations and Chapter 12 farm bankruptcies. If current district-level patterns persist, the five highest-volume districts will likely account for over 100,000 of the year's total filings.

Looking beyond 2025, recent growth trends suggest bankruptcy filings may begin to stabilize or decline in coming years after the current peak. Based on historical growth rates, which averaged -9.8% in recent periods, projections indicate potential totals of approximately 494,063 filings in 2026, 445,588 in 2027, and 401,869 in 2028. However, these forecasts should be viewed cautiously as economic conditions, regulatory changes, and interest rate policies could significantly alter bankruptcy trends. The unusual concentration of Chapter 11 business reorganizations in districts like Delaware and New Jersey may presage broader economic challenges that could influence future filing patterns. While the overall projection suggests a gradual decline from 2025's elevated levels, regional disparities are likely to persist, with certain districts continuing to experience disproportionately high bankruptcy volumes.

The latest fully completed week recorded a total of 10,105 bankruptcy filings nationwide, marking a significant moment in this year's filings data. Specifically, Chapter 7 filings led the total with 6,066 cases, highlighting its dominance among bankruptcy categories. Chapter 13 filings followed next with 3,738 cases, reflecting their continued relevance among consumer debtors. Chapter 11 and Chapter 12 filings were fewer, with just 294 and 7 cases respectively, indicating their specialized use. Overall, this week underscores bankruptcy filings as an ongoing economic indicator in 2025.

An interesting observation this week is the notably low number of Chapter 12 filings, at only 7 cases nationwide. Chapter 12 specifically addresses financial distress among family farmers and fishermen, suggesting relatively stable conditions or less severe economic pressure within these sectors. Meanwhile, Chapter 11 filings, primarily used by businesses, totaled 294, a modest number that may reflect cautious economic optimism. Chapter 7's substantial count, however, underscores ongoing financial hardship among consumers and smaller businesses. Such divergent chapter trends demonstrate varying economic realities across sectors.

At the district level, filings varied substantially, with Northern District of Alabama reporting 73 Chapter 7 cases, among the higher district totals for this chapter. Conversely, Alaska showed minimal activity, reporting just 7 Chapter 7 filings, reflecting its smaller population and possibly different economic dynamics. The Eastern District of Michigan saw relatively robust activity with 120 Chapter 13 filings, signaling distinct regional economic challenges. These district-level discrepancies provide insight into localized economic conditions and pressures. Overall, each district's filing totals offer a snapshot into regional economic health.

Geographically, filing disparities are pronounced, indicating uneven economic recovery or hardship across the United States. Regions like the Northern District of Alabama and the Eastern District of Michigan showed relatively higher filing numbers, pointing to greater economic distress or differing economic structures in these areas. In contrast, Alaska's minimal filings reflect either a less economically distressed situation or different local dynamics impacting bankruptcy filings. Disparities such as 120 Chapter 13 filings in Michigan versus significantly fewer elsewhere underscore the heterogeneity of economic conditions. These regional differences are essential for policymakers addressing economic disparities.

Focusing specifically on the year 2025, bankruptcy filings this week highlight persistent economic challenges, despite previous expectations of improving conditions. The national total of 10,105 filings indicates continued pressure on personal and small-business finances in the current year. The predominance of Chapter 7 filings, totaling 6,066, emphasizes financial struggles primarily at the consumer level. However, the relatively lower Chapter 11 filings at 294 may indicate a more stable broader corporate sector or proactive financial management. These filing patterns illustrate critical economic insights for 2025 thus far.

Compared to similar weeks in previous years, this week's total filings of 10,105 mark a notable trend in economic recovery patterns. For instance, if prior comparable weeks recorded lower totals, the current figures suggest increasing economic distress or changing filing behaviors. Conversely, if previous years saw higher numbers, the current total could indicate gradual economic stabilization or improved financial literacy reducing bankruptcy rates. Historical comparisons thus highlight evolving economic landscapes and the changing impacts of policy or economic interventions. Monitoring these year-over-year differences remains crucial to economic forecasting and planning.

Considering per capita filings, the national total of 10,105 reflects broader economic impacts when adjusted for population growth and demographic shifts. High district totals such as Alabama North (73 Chapter 7 cases) and Michigan East (120 Chapter 13 cases) may be even more significant when viewed through a per capita lens. Conversely, Alaska's low filing number (7 Chapter 7 cases) emphasizes economic resilience or distinct demographic factors. Thus, examining filings per capita provides deeper context into how economic pressures are experienced at an individual or household level across regions. This approach highlights broader societal impacts beyond raw numeric data.

Analysis of per capita changes over time can illuminate economic trends and impacts of economic policies or events. If this week's per capita filings of 10,105 reflect an increase from previous periods, it could indicate growing financial instability or distress. Conversely, stable or declining per capita filings could suggest economic improvements or effective interventions. District-level per capita variations also offer nuanced insights, as regions experiencing increased filings per capita (like Michigan East) may reflect localized economic downturns or sector-specific declines. Continuous analysis of these changes is essential to understanding economic trajectories.

Projecting filings for the remainder of 2025, the latest weekly total of 10,105 suggests continued economic caution. Assuming stable economic conditions, weekly totals could remain similar, potentially resulting in cumulative year-end figures consistent with this week's snapshot. However, seasonal economic trends or interventions could alter future totals significantly. The predominance of Chapter 7 filings implies ongoing consumer financial pressures likely to persist unless economic conditions markedly improve. Therefore, year-end forecasts should consider current economic indicators alongside broader economic policy changes.

Beyond 2024, forecasting trends based on the current weekly filing rate of 10,105 indicates potential gradual increases if economic stresses continue unabated. Persistently high Chapter 7 filings could particularly signal sustained consumer financial vulnerabilities. Chapter 13's significant presence (3,738 filings this week alone) suggests a notable proportion of consumers attempting structured debt recovery, highlighting economic resilience amid challenges. Conversely, stable Chapter 11 numbers may indicate limited business distress unless significant economic disruptions occur. Long-term filing trends will depend significantly on economic policy, global economic conditions, and consumer financial behavior changes post-2024.

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2025 Week 19 Bankruptcy Report

We have seen a consistent increase in bankruptcy filings for years as bankruptcies rebound from their historic lows during the pandemic. During Q1 2025, we continued to see this trend with significant filing increases across most chapters and jurisdictions, resulting in one of the highest filing quarters since the COVID-19 pandemic.

% Change in Bankruptcy Filings (Filings Q4 2024 - Filings Q1 2025)

Consumer bankruptcy filings rose in the first quarter of 2025, with Chapter 7 filings increasing 5.29% and Chapter 13 filings up 5.11%. Chapter 12 filings also nearly doubled, while Chapter 11 cases saw a slight 0.97% decline from the previous quarter.

We see the rise in consumer bankruptcy filings as a lagging indicator resulting from consumers being pushed to their financial limits. Rising living costs, increasing housing and insurance expenses, high interest rates, and mounting debt in both credit card and auto loan sectors have led many to leverage their credit lines more than ever. The strong job market has been supporting the rising debt levels, but continued debt at high interest rates has pushed an increasing segment of consumers over the edge to bankruptcy. 

Resumed collections on student loans is going to throw a grenade on the delicate balance we've seen. Debtor attorneys are already reporting that their phone lines are ringing off the hook with consumers urgently trying to find ways to manage their payments. One debtor attorney recently reported accelerated interest in bankruptcy unseen since the aftermath of the Great Recession. Typically, it takes about 90 days for these cases to start filing in.

QoQ Change in Chapter 7 Filings (Q4 2024 - Q1 2025)

The quarter-over-quarter uptick in Chapter 7 filings is not surprising because consumers typically prefer to file after the holidays, and debtor attorneys often advise their clients to wait until Q1 or Q2 due to tax return implications.

The national 5.29% increase in Chapter 7 filings doesn’t tell the full story. District-level data shows sharp quarter-over-quarter increases in a number of regions. 

Top Increases - Chapter 7 Bankruptcy Filings QoQ Change

Several large districts - like the Northern and Western Districts of Texas, Southern District of New York, Northern District of California, and Eastern Missouri - saw low or negative Chapter 7 filing growth in Q1 2025, largely due to strong labor markets and stable economic conditions. Unemployment remained low across these regions, and job growth in areas like Dallas, Columbus, and New York City helped households stay current on debts. In addition, many residents in these areas benefit from legal protections that reduce pressure to file, including Texas’s unlimited homestead exemption and New York’s consumer debt reforms.

QoQ % Change in Chapter 13 Filings (Q4 2024 - Q1 2025)

Top Increases - Chapter 13 Bankruptcy Filings QoQ Change

Oregon (+63.8%), Montana (+61.9%), and Connecticut (+58.3%) posted strong gains in both chapters, while smaller districts with higher variance like Alaska (+77.8%) and Northern Oklahoma (+36.6%) saw outsized growth in Chapter 13 alone.

Top Decreases - Chapter 13 Bankruptcy Filings QoQ Change

Several districts saw notable drops in Chapter 13 filings, including Western New York, New Mexico, and Kansas - all down double digits. These declines may reflect more consumers shifting to Chapter 7 or struggling to make Chapter 13 plans work amid rising costs.

QoQ % Change in Chapter 11 Filings (Q4 2024 - Q1 2025)

Looking at the year-over-year changes gives us a clearer picture of the change in filings when you extend the timeline and eliminate seasonal fluctuations. Quarter 1 saw a dramatic increase in consumer filings, with Chapter 7 filings up +12.74% and Chapter 13 filings up +5.99%. Chapter 11 filings, however, dropped by 88.37%.

YoY % Change in Chapter 7 Filings (Q1 2024 - Q1 2025)

Top Increases - Chapter 7 Bankruptcy Filings YoY Change

Several districts saw dramatic 30%+ year-over-year filing increases, including Rhode Island and Idaho. Unlike typical high-growth areas, these regions seem to be catching up after years of modest activity.

Few districts saw a year-over-year decrease in filings. Here are the top ten decreases:

Top Decreases - Chapter 7 Bankruptcy Filings YoY Change

Chapter 13 filings continue to see steady growth. They were the quickest to recover after the pandemic, and we've seen continued growth since then.

YoY % Change in Chapter 13 Filings (Q1 2024 - Q1 2025)

Top Increases - Chapter 13 Bankruptcy Filings YoY Change

Some districts in this list did not see large increases in Chapter 7 filings. This may be a reaction to differing collection regulations in those districts. In districts like Texas and Tennessee, where foreclosure and repossession can happen quickly, many debtors turned to Chapter 13 to protect their homes and cars. Similarly, in Illinois and Maine, low exemption limits and rising home equity pushed consumers toward Chapter 13 to avoid asset loss in a Chapter 7. These cases highlight three of the main drivers influencing Chapter 13 filing decisions: 

1. Aggressive collection activities that threaten immediate loss of property. 

2. Asset values exceeding exemption limits, making them vulnerable in Chapter 7. 

3. Existing payment arrears that preceded the filing. 

Chapter 7 requires debtors to be current on payments for assets they wish to retain. However, Chapter 13 plans can incorporate catch-up payments for existing arrears.

Top Decreases - Chapter 13 Bankruptcy Filings YoY Change

By contrast, districts like the Middle District of North Carolina, Northern District of New York, and Southern Georgia saw declines in Chapter 13 filings while Chapter 7s held steady or rose. These trends suggest that more consumers in those areas are forgoing repayment plans. This often happens when they lack the income or assets to make Chapter 13 a viable option. In these cases, liquidation may be the only realistic path forward.

YoY % Change in Chapter 11 Filings (Q1 2024 - Q1 2025)

% Change in Bankruptcy Filings (Filings Q1 2019 - Filings Q1 2025)

While consumer filings have seen large year-over-year increases, we are still relatively far from 2019 filing levels. At the current rate, consumer filings won't return to 2019 levels until around 2026. There are, however, a couple of factors that could accelerate that timeline:

The restart of student loan payments will likely strain consumer budgets. We've already seen reports of increased interest in bankruptcy from debtor attorneys.

Consumer access to credit has historically been the #1 factor for predicting bankruptcy filing. We are already seeing a shift toward tightened credit access. 

Delinquencies are on the rise. The robust job market currently supports debt payments, but things could change quickly if economic conditions worsen.

Change in Chapter 7 Filings (Q1 2019 - Q1 2025)

Chapter 7 filings have seen the steepest drop-off since 2019. The number of Chapter 7 filings in Q3 of 2022 was down over 30% from the amount from the same quarter of 2019. This is likely the result of increased property value, a strong labor market, and the general increase in wealth in the years since 2019. 

A couple of districts have seen increases in Chapter 7 filings since 2019. Western District of Wisconsin had the most notable increase at 71.71%, possibly related to struggles in farming, manufacturing, housing affordability, and slow wage growth in the region. Wisconsin also has a special state-specific debt consolidation program called Chapter 128. It is very similar to bankruptcy. These may have delayed Chapter 7 filings while people tried debt consolidation for a while until they couldn't anymore. 

Chapter 7 filings in Texas also increased across the board, likely related to increased population growth during the same time.

Top Increases - Chapter 7 Bankruptcy Filings vs 2019

Top Decreases - Chapter 7 Bankruptcy Filings vs 2019

During the pandemic, Chapter 13 filings tanked; however, they were the fastest to recover with a 44% increase from Q3 in 2021 to the same quarter in 2022. Many of the districts with the highest growth during that period are now seeing the year-over-year growth taper out.

BankruptcyWatch Statistics Reports

2025 Week 22 Bankruptcy Report

2025 Week 20 Bankruptcy Report

2025 Week 19 Bankruptcy Report

2025 Q1 Bankruptcy Filing Trends Report

2025 Week 18 Bankruptcy Report