Bankruptcy Filings Increase Sharply in 2025
For the first two months in 2025 bankruptcy filings have increased sharply over the same period in 2024 according to the latest reported statistics. Most increases have occurred in heavily populated States with large urban centers, as opposed to rural States. There has been an approximate 25% increase in Chapter 11 business filings and Chapter 7 personal bankruptcy filings. Chapter 7 is filed most often in Bankruptcy Court by individuals looking to discharge all of their debt and keep their…