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Bankruptcy Filings Continue Upward Spiral

May Filings Rise by 16.28 Percent Over Last Year

Bankruptcy filings continued the upward spiral begun last year with 16.28 percent more filings in May compared to the same month in 2023. With 44,981 bankruptcy petitions filed, the May increase follows a similar trend from last year when filings rose by approximately 17 percent. For the first half of 2024, total bankruptcy filings are up by 17.29 percent. These numbers mean that bankruptcies remain on a trend to reach pre-pandemic levels after next year.

Our monthly report now includes filing projections produced by the Department of Justice, as well as 2024 filing trends compared to pre-pandemic averages.

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AIS warrants that it employs all reasonable endeavours to ensure that the supplied statistical reports are substantially complete and free of errors or defects. The user acknowledges that all information contained herein is derived from public record data and from time to time, errors may occur. InSight is a proprietary analytical report produced monthly by AIS. The supplied information will not be disclosed, recompiled, sold or traded, in whole or in part, to third parties unless prior written consent is obtained. AIS assumes no responsibility or liability for any decisions made as a result of using this report.