November recorded 43,682 total bankruptcy filings, an 8.17 percent increase over the same month in 2024, extending the year-over-year growth streak to 39 consecutive months. Although filings eased from October’s typical seasonal spike, the broader trend remains firmly upward, bringing the trailing 12-month total to 558,469. Chapter 7 and 13 activity continued to climb at a steady pace, rising 8.85 percent and 6.41 percent year-over-year, even as both chapters remain more than 25 percent below pre–COVID November norms. The sharpest shift came from Chapter 11, which increased 22.99 percent from last year and now stands 79 percent above its historical pre pandemic average, pointing to ongoing financial strain among small and midsize businesses as the year wraps up.