BANKRUPTCY INSIGHTS
February Sees Modest 3.27% Increase in Bankruptcy Filings
According to AIS data, bankruptcy filings cooled a bit in February, totaling 40,305 cases. The 3.27% increase over February 2024 marked the smallest monthly year-over-year rise in more than two years. Chapter 7 liquidation cases went up by 6.6%, which was a larger increase than under any other chapter. Chapter 13 cases with repayment plans inched up by only 0.54% while Chapter 11 cases, mainly business reorganizations, plummeted by 35.51% compared to last February.
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VIDEO: Recap and Analysis of January Filings Data
Total bankruptcy filings rose 13.32% year-over-year in January 2025, reaching 41,501 new cases, the highest monthly increase since October 2024. While the growth rate slightly trails last year’s annual pace, economic pressures remain high. The video also explores the continued rise in consumer credit delinquencies. In addition, it covers potential policy shifts and leadership changes at the CFPB, which could influence future trends. With uncertainty on the horizon, bankruptcy filings are expected to continue their upward trajectory.
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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.