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.

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