BANKRUPTCY INSIGHTS
March Bankruptcy Filings Hit Five-Year High, Resembling 2024 Growth Trend
According to AIS data, bankruptcy filings totaled 50,208 in March, rising 12.91% compared to the same month last year, marking the highest monthly total in five years. After a brief dip in February, the upward trend we've tracked over the past two years has resumed. Chapter 7 filings increased 15.77%, Chapter 13 filings rose 7.36%, and Chapter 11 filings climbed 27.33%.
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VIDEO: Recap and Analysis of March Filings Data
Total bankruptcy filings rose by 12.91 percent in March over the same month last year. With 50,208 new cases, the March filing total was the largest in five years.
This month’s video covers continued regulatory uncertainty, with several key federal appointments still awaiting confirmation.
On the economic front, while direct links to bankruptcy filings are not always clear, interest rates remain a key factor.
We also touch on recent economic signals such as inflation, unemployment, and market activity that are shaping the broader financial landscape.
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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.