Bankruptcy filings rose 13.1 percent during the 12-month period ending March 31, 2025. That is a similar rate of acceleration as in the Dec. 31, 2024, quarterly report, but new bankruptcy cases remain significantly lower than after the 2007-08 Great Recession. 

According to statistics released by the Administrative Office of the U.S. Courts, total filings rose to 529,080 cases, compared with 467,774 cases reported during the year ending March 31, 2024.

Business filings increased 14.7 percent, from 20,316 in March 2024 to 23,309 in the newest report. Non-business filings rose 13.0 percent, from 447,458 in March 2024 to 505,771 in March 2025. 

Bankruptcy totals for the previous 12 months are reported four times annually.

For more than a decade, total filings fell steadily, from a high of nearly 1.6 million in September 2010 to a low of 380,634 in June 2022. Total filings have increased each quarter since then, but they remain far lower than historical highs.

Business and Non-Business Filings, Years Ending March 31, 2021-2025

Year	Business	Non-Business	Total
2025	23,309	505,771	529,080
2024	20,316	447,458	467,774
2023	14,467	388,806	403,273
2022	13,160	382,213	395,373
2021	19,911	453,438	473,349

Total Bankruptcy Filings By Chapter, Years Ending March 31, 2021-2025

Year	Chapter
	7	11	12	13
2025	320,571	8,844	259	199,130
2024	271,825	8,036	155	187,539
2023	231,200	5,371	148	166,449
2022	265,071	4,333	228	125,655
2021	345,224	7,823	487	119,502

Additional statistics released today include:

• Business and non-business bankruptcy filings for the 12-month period ending March 31, 2025 (Table F-2, 12-month),
• A comparison of 12-month data ending March 2024 and March 2025 (Table F),
• Filings for the most recent three months, (Table F-2, 3-month); and filings by month (Table F-2, January, February, and March),
• Bankruptcy filings by county (Report F-5A).

For more on bankruptcy and its chapters, view the following resources:

Bankruptcy filings rose 16 percent during the 12-month period ending March 31, 2024. That is a similar rate of acceleration as in the Dec. 31, 2023, quarterly report, but new bankruptcy cases remain significantly lower than before the start of the coronavirus (COVID-19) pandemic.

According to statistics released by the Administrative Office of the U.S. Courts, total filings rose to 467,774 new cases, compared with 403,273 cases reported during the year ending March 31, 2023.

Business filings increased 40.4 percent, from 14,467 in March 2023 to 20,316 in the newest report. Non-business filings rose 15.1 percent, from 388,806 in March 2023 to 447,458 in March 2024.

This year’s 12-month filing total for the quarter ending March 31 is nearly three-fifths of the total reported in March 2020, when the pandemic disrupted the U.S. economy. That year’s 12-month total was 764,282.

Additional statistics released today include:

• Business and non-business bankruptcy filings for the 12-month period ending March 31, 2024 (Table F-2, 12-month);
• Bankruptcy data for the twelve-month periods ending in March 2023 and March 2024 (Table F);
• Fourth quarter filings, (Table F-2, 3-month); and filings by month (Table F-2, January, February, and March)
• Bankruptcy filings by county (Report F-5A).

Business and Non-Business Filings,
Years Ending
March 31, 2020-2024

Year	Business	Non-Business	Total
2024	20,316	447,458	467,774
2023	14,467	388,806	403,273
2022	13,160	382,213	395,373
2021	19,911	453,438	473,349
2020	23,114	741,168	764,282

Total Bankruptcy Filings By Chapter,
Years Ending
March 31, 2020-2024

Year	Chapter
	7	11	12	13
2024	271,825	8,036	155	187,539
2023	231,200	5,371	148	166,449
2022	265,071	4,333	228	125,655
2021	345,224	7,823	487	119,502
2020	475,279	7,167	638	281,048

For more on bankruptcy and its chapters, view the following resources: