US Bankruptcy Filings Surge [View all]
Source: Newsweek
Published Dec 02, 2025 at 11:10 AM EST updated Dec 02, 2025 at 12:07 PM EST
U.S. bankruptcy filings are on the rise in the second half of 2025, signaling mounting financial pressures on both households and businesses.
According to the latest quarterly report from the Administrative Office of the U.S. Courts, bankruptcy filings rose 10.6 percent in the 12 months that ended September 30 compared to the previous year. Business filings ticked up 5.6 percent, while nonbusiness filings soared 10.8 percent, with the combined total of 557,376 marking the highest tally for the yearlong stretch since 2020.
Why It Matters
The surge in filings over the past few years has been charted by several organizations, and while the figures remain below historical highs, some view this as a sign of the greater financial strains affecting American consumers and companies in 2025.
The issue has been highlighted by the handful of large, well-known firms that have sought bankruptcy protection this year. These include Spirit Airlines, the jewelry retailer Claire's and First Brands, the auto parts company whose collapse has raised significant concerns about risky lending practices in the U.S.
Read more: https://www.newsweek.com/us-bankruptcy-filings-surge-11142283
Link to Administrative Office of the U.S. Courts REPORT - Bankruptcy Filings Increase 10.6 Percent
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