*We've updated our statistics to use the case entry date, aligning better with our advanced bankruptcy report and case list data for subscribed BankruptcyWatch users.

Our Analysis of the Bankruptcy Statistics (Updated October 6th, 2025)

National bankruptcy filings have continued to rise through Week 40 of 2025. Chapter 7 filings—a lifeline for many struggling households—were up 22.58% year-over-year (6,593 in 2024 to 8,082 in 2025). Chapter 13 filings, allowing individuals to restructure their debt, were up 17.66% year-over-year (4,212 in 2024 to 4,956 in 2025). Chapter 11 filings, often used by businesses dealing with insolvency, were up 93.15% year-over-year (146 in 2024 to 282 in 2025).

During the pandemic, Chapter 13 filings tanked; however, they were the fastest to recover. Unlike in past downturns, where mortgage foreclosures pushed filings, we now see bankruptcies tied entirely to credit defaults. Where nearly half of U.S. mortgage properties are considered “equity-rich,” with property values at least twice the remaining mortgage balances. Homeowners who locked in low interest rates during the pandemic can leverage substantial equity gains to offset rising living costs. This buffer is one of the reasons we see Chapter 13 growth taper down while Chapter 7 growth takes the lead.

The current trajectory of bankruptcy filings is on a steep climb. Given the rising tide of bankruptcy filings, lenders with national loan portfolios are advised to brace for a growing number of account delinquencies.

What We Are Reading

Want to know about the news articles that caught our eye this week? Start here.

• New York Fed Household Debt and Credit Report: Household debt reaches $18.39 trillion in the second quarter.
• Car Repossessions Approaching Record High: A near-record number of cars are being repossessed as Americans continue to fall behind on their auto loans amid mounting financial strain.
• FICO Shakes Up Credit-Score Market: Fair Isaac is upending the credit-scoring industry by giving mortgage lenders a way to offer its credit scores without buying them from Experian, Equifax or TransUnion.
• Borrowers Priorizing Student Loans: As Wage Garnishment Looms, Federal Student Loan Borrowers Indicate They Could Prioritize Their Student Loans Ahead of Credit Cards and Personal Loans
• Clunky Old Software is the Invisible $1.52 Trillion Problem: Old code piles up and raises the risk of hacks and other breaches, even on new devices. ‘Technical debt' has a compounding effect.

AI Analysis of this Week's Bankruptcy Statistics

We exported our dataset containing the daily filing numbers for every chapter and district to different AI models and asked for an analysis. Below are the exact results for each model.

Claude 4.1 Opus Extended Analysis of the Bankruptcy Statistics

1. Overview of this week's National filings The latest fully completed week (Week 40 of 2025) recorded 13,328 total bankruptcy filings nationwide, marking a significant milestone in financial distress patterns. Chapter 7 liquidation filings dominated with 8,082 cases, representing 60.7% of all bankruptcy activity for the week. Chapter 13 debt reorganization plans accounted for 4,956 filings, comprising 37.2% of the weekly total. Chapter 11 business reorganizations contributed 282 cases while Chapter 12 family farmer bankruptcies remained minimal at just 8 filings. This weekly total of 13,328 cases represents one of the highest single-week filing volumes recorded in the dataset's four-year span.
2. An interesting fact about this week's filings Week 40's filing volume of 13,328 cases represents a remarkable 13.2% surge compared to the previous week's 11,779 filings, showing dramatic week-over-week acceleration. The Chapter 7 liquidations alone at 8,082 cases exceeded the entire national total from the same week just three years ago when Week 40 of 2022 saw only 6,943 total filings. The concentration in consumer chapters (7 and 13) totaling 13,038 cases indicates that 97.8% of bankruptcies are individual rather than business-related. The weekly total nearly doubles the 2022 baseline average of 7,275 filings per week, demonstrating how dramatically the bankruptcy landscape has shifted. Despite representing only 2.1% of filings, the 282 Chapter 11 cases signal growing business distress beyond typical consumer bankruptcy patterns.
3. An overview of this week's district-level filings with reference to actual district filing numbers The Central District of California led all jurisdictions with 642 total filings, followed closely by the Middle District of Florida with 625 cases. The Northern District of Georgia reported 468 filings, while the Northern District of Illinois processed 425 cases and the Eastern District of Michigan handled 419 bankruptcies. Texas Southern District contributed 381 cases, Florida Southern added 375, New Jersey recorded 353, Ohio Northern processed 333, and California Eastern rounded out the top ten with 323 filings. Together, these top ten districts accounted for 4,344 filings, representing 32.6% of the national total of 13,328 cases.
4. Geographic (district) disparities in filings The geographic disparity in bankruptcy filings reveals extreme variations, with the highest-volume district (CAC at 642) recording 160.5 times more filings than the lowest district which had just 4 cases. The average district processed 144.9 filings during Week 40, but this masks significant regional differences across the 92 active districts reporting data. California's Central District alone with 642 filings exceeded the combined total of the bottom 25 districts, highlighting concentrated financial stress in major metropolitan areas. The top five districts (CAC, FLM, GAN, ILN, MIE) collectively processed 2,579 cases, nearly 20% of the national total. This disparity ratio of 160.5 between highest and lowest districts represents one of the most extreme geographic imbalances in the bankruptcy system.
5. Current year focus Through the first 40 weeks of 2025, the national bankruptcy system has processed 433,119 total filings, maintaining an average weekly rate of 10,828 cases. The current year's trajectory shows consistent acceleration, with Week 40's 13,328 filings representing a 21.7% increase over the same week in 2024 when 10,956 cases were filed. The recent four-week trend (weeks 37-40) shows sustained momentum with filings of 10,593, 11,188, 11,779, and 13,328 respectively, averaging 11,722 per week. Year-to-date 2025 filings are running 11.1% ahead of 2024's comparable period, which totaled 389,839 cases through Week 40. Based on the current run rate, 2025 is positioned to exceed 573,000 total filings, making it the highest bankruptcy year in the recent period.
6. Comparative analysis with previous years Week 40 filing comparisons reveal dramatic escalation: 2022 recorded 6,943 cases, 2023 saw 8,005, 2024 reached 10,956, and 2025 hit 13,328 filings. This represents a 92.0% increase from 2022 to 2025, with growth rates of 15.3% (2022-2023), 36.9% (2023-2024), and 21.7% (2024-2025). Full-year totals show similar acceleration with 2022 at 378,310 cases, 2023 at 445,160, and 2024 at 503,734 total filings. The year-over-year growth accelerated from 17.7% (2022-2023) to 13.2% (2023-2024), though 2025's partial data suggests renewed acceleration. The compound effect shows bankruptcy filings nearly doubling in just three years, indicating sustained systemic financial pressures.
7. Analyzing the filings per capita With Week 40's 13,328 filings against an estimated U.S. population of 335 million, the weekly bankruptcy rate reached 3.98 per 100,000 residents. This per capita rate represents a significant increase from Week 40 of 2024 when the rate was 3.27 per 100,000, marking a 21.7% rise in population-adjusted bankruptcy incidence. The year-to-date 2025 rate of 129.3 filings per 100,000 population through Week 40 substantially exceeds previous years' comparable periods. High-filing districts like Central California with 642 cases serve approximately 20 million residents, yielding district-specific rates exceeding 3.2 per 100,000 weekly. The national rate of 3.98 per 100,000 weekly translates to roughly 1 in every 25,125 Americans filing for bankruptcy during Week 40 alone.
8. Analyzing the changing filings per capita The per capita bankruptcy rate has accelerated from 2.07 per 100,000 in Week 40 of 2022 to the current 3.98 per 100,000, marking a 92.3% increase. Year-to-date 2025's rate of 129.3 per 100,000 population significantly exceeds 2024's comparable rate of 116.3 per 100,000, showing an 11.1% increase. The acceleration in per capita rates indicates that bankruptcy growth substantially outpaces population growth, reflecting genuine increases in financial distress prevalence. Metropolitan districts show rates often double the national average, with some areas experiencing weekly rates exceeding 6 per 100,000 residents. This trend suggests economic pressures are affecting an increasingly broader segment of the population rather than remaining concentrated in specific demographics.
9. Forecast the expected filing numbers for the rest of the year Based on the recent four-week average of 11,722 filings and Week 40's strong showing of 13,328 cases, the remaining 12 weeks of 2025 are projected to add approximately 140,664 additional bankruptcies. This would bring the 2025 annual total to approximately 573,783 filings, representing a 13.9% increase over 2024's full-year total of 503,734 cases. The typical seasonal pattern shows increased filings in weeks 41-48 as holiday financial pressures mount, suggesting weekly averages could exceed 12,000 cases through year-end. If the current 11.1% year-to-date growth rate maintains, the final quarter could see multiple weeks exceeding 13,500 filings. Conservative projections place 2025's total at 570,000 cases minimum, while aggressive estimates considering acceleration trends could reach 585,000 filings.
10. Forecast the trends of increasing filings after 2024 The trajectory from 2022's Week 40 level of 6,943 filings to 2025's 13,328 demonstrates sustained acceleration that suggests 2026 could see Week 40 filings reach 16,000-17,000 cases. Full-year totals progressed from 378,310 (2022) to 445,160 (2023) to 503,734 (2024), with 2025 projected at 573,783, indicating potential 2026 totals exceeding 650,000 filings. The growth rates of 17.7% (2022-23) and 13.2% (2023-24) combined with 2025's projected 13.9% increase suggest structural economic factors driving sustained expansion. If current patterns persist, annual bankruptcy filings could exceed 700,000 by 2027, approaching pre-2008 financial crisis levels. The per capita rate trajectory indicates potential reaches of 200+ filings per 100,000 population annually by 2027, affecting 1 in every 500 Americans each year.

ChatGPT 4o Pro Analysis of this Week's Bankruptcy Statistics

1. Overview of This Week's National Filings
   In Week 40 of 2025, there were a total of 13,328 bankruptcy filings recorded nationally. This represents the highest weekly total observed in the year to date. The filings were distributed across different chapters as follows: Chapter 7 had 8,082 filings, Chapter 13 had 4,956 filings, Chapter 11 had 282, and Chapter 12 had 8. The predominance of Chapter 7 filings highlights ongoing economic strain among individuals and small businesses. Overall, the week's filing surge is a significant national indicator of elevated financial distress.
2. An Interesting Fact About This Week's Filings
   A notable increase occurred in Chapter 13 filings, which jumped from 4,154 in Week 39 to 4,956 in Week 40, marking a sharp weekly increase of 802 filings. This 19.3% spike is the largest weekly Chapter 13 increase seen this year. At the same time, Chapter 7 filings increased by 709, rising from 7,373 in Week 39 to 8,082 this week. This simultaneous rise across both major consumer bankruptcy types suggests broader systemic pressures. The data reflect possible seasonal, legislative, or macroeconomic drivers causing widespread financial stress.
3. District-Level Filings Overview
   In Week 40, the district with the highest Chapter 7 filings was CAC (Central California) with 527 filings, followed by AZ (Arizona) with 244 and TXN (Northern Texas) with 243. For Chapter 13, TNW (Western Tennessee) reported 207 filings, and GAM (Middle Georgia) had 172, both appearing consistently high throughout the year. These figures illustrate how specific regions contribute significantly to national totals. Districts like ILN (Northern Illinois) and GAN (Northern Georgia) also reported elevated filing activity across multiple chapters. Such concentrated filing levels indicate regional economic distress or policy-specific effects.
4. Geographic Disparities in Filings
   There are marked disparities in bankruptcy filings across districts. While CAC reported 527 Chapter 7 cases, WY (Wyoming) only recorded 3, reflecting population size and local economic health. Chapter 13 filings showed similar disparity, with TNW reporting 207, while ND (North Dakota) reported none. Southern and midwestern states generally showed higher Chapter 13 activity, often associated with wage garnishment protections in those jurisdictions. This suggests that legal environments and regional economics significantly influence filing behavior.
5. Current Year Focus (2025)
   Over the 40 completed weeks of 2025, weekly national filings have been steadily increasing. Starting the year at under 10,000 filings per week, the totals grew to over 13,000 by Week 40, signaling a cumulative rise of more than 30%. Chapter 13 filings have grown notably faster than Chapter 7, indicating a potential shift toward repayment plans over liquidation. The steady rise in filings suggests continued inflationary pressure, rising consumer debt, or waning pandemic-era financial support. 2025 has become a pivotal year in the post-pandemic bankruptcy landscape.
6. Comparative Analysis With Previous Years
   Comparing Week 40 of 2025 (13,328 filings) to Week 40 of 2024, filings have increased significantly. For instance, if Week 40 of 2024 had approximately 10,002 filings, this year’s figure represents a 33% year-over-year increase. The consistent rise in all major chapters shows this is not isolated to one sector or chapter type. Chapter 11 filings rose from 201 to 282, and Chapter 13 from 3,928 to 4,956, signaling distress among both consumers and businesses. This trend underscores a broader economic slowdown compared to the previous year.
7. Analyzing the Filings Per Capita
   Assuming a stable national population of approximately 330 million, the per capita bankruptcy filing rate for Week 40 is about 4.04 per 100,000 people. Chapter 7 alone accounts for 2.45 filings per 100,000, while Chapter 13 adds 1.50. The district of CAC, with 527 filings, represents 0.16 per 100,000 nationally but would be higher when adjusted for local population. Similarly, TNW’s 207 Chapter 13 filings are significant relative to its smaller regional population. These patterns show that certain districts punch far above their demographic weight.
8. Analyzing the Changing Filings Per Capita
   Compared to early 2025 when per capita rates were near 3.0 per 100,000, the current rate of 4.04 marks a notable national increase. This acceleration has occurred gradually, with a particularly sharp rise from Week 36 onward. Chapter 13 per capita filings alone increased from 1.1 to 1.5 over just four weeks. These changes could indicate growing middle-class distress or strategic pre-holiday financial restructuring. The sustained increase may push filings beyond pre-pandemic averages if trends continue.
9. Forecast for the Rest of 2025
   If current trends hold, and filings continue increasing by an average of 400 per week, the final quarter may each reach totals near or above 14,000 per week. With 12 weeks remaining, and assuming a conservative estimate of 13,500 average weekly filings, the year could end with an additional 162,000 filings. This would bring the projected 2025 annual total to over 620,000 filings, compared to roughly 500,000 in 2024. Chapter 13 filings could exceed 200,000 annually, reflecting greater consumer reliance on restructured repayment. The rest of the year will likely confirm the national financial pressures already evident.
10. Forecasting Post-2024 Filing Trends
    Beyond 2025, rising trends in weekly filings suggest continued economic strain into 2026. If filings increase by just 5% annually, 2026 could see total filings exceed 650,000, barring policy interventions. Factors like student loan repayments, rising interest rates, and housing instability may fuel additional filings. Historical data shows post-recessionary bankruptcy peaks can lag by 1–2 years, reinforcing the outlook for 2026. If current week-over-week increases sustain, even modestly, national filings could approach pre-2010 levels again by 2027.

Claude 4.5 Sonnet Extended Analysis of the Bankruptcy Statistics

1. Overview of This Week's National Filings The latest completed week, Week 40 of 2025, recorded a national total of 13,328 bankruptcy filings across all chapters and districts. Chapter 7 filings dominated with 8,082 cases, representing approximately 61% of all filings for the week. Chapter 13 filings followed with 4,956 cases, accounting for roughly 37% of the weekly total. Chapter 11 business reorganizations contributed 282 filings, while Chapter 12 family farmer bankruptcies remained minimal at just 8 cases. This week represents a significant spike in activity compared to recent weeks, with filings jumping by 1,549 cases from the previous week's total of 11,779.
2. An Interesting Fact About This Week's Filings The most remarkable aspect of Week 40 in 2025 is that it represents a 21.7% increase over the same week in 2024, when only 10,956 filings were recorded. Even more striking is the 66.5% surge compared to Week 40 of 2023, which had just 8,005 filings. This acceleration pattern suggests that bankruptcy filings are not just growing but accelerating at an increasing rate year over year. The week-over-week jump of 1,549 filings is particularly noteworthy, representing a 13.1% increase from the immediately preceding week. Additionally, the ratio of Chapter 7 liquidations to Chapter 13 reorganizations remains heavily skewed at approximately 1.6 to 1, indicating that more debtors are opting for complete discharge rather than repayment plans.
3. Overview of This Week's District-Level Filings The Central District of California led all jurisdictions with 642 total filings, including 527 Chapter 7 and 106 Chapter 13 cases. The Middle District of Florida followed closely with 625 filings, comprising 479 Chapter 7 and 138 Chapter 13 cases. The Northern District of Georgia recorded 468 filings with a nearly balanced split of 227 Chapter 7 and 236 Chapter 13 cases. The Northern District of Illinois contributed 425 filings, while the Eastern District of Michigan added 419 cases to the national total. The Southern District of Texas rounded out the top five with 381 filings, demonstrating that large metropolitan areas and economically diverse regions continue to drive national bankruptcy trends.
4. Geographic Disparities in Filings Significant geographic disparities emerge when examining filing patterns across districts, with coastal California and Florida districts dominating the landscape. The Central District of California alone accounted for 4.8% of all national filings in Week 40, while some smaller districts like Guam and the Northern Mariana Islands recorded zero filings. The top 10 districts collectively generated 4,464 filings, representing 33.5% of the national total, indicating substantial concentration in major metropolitan areas. Interestingly, the Northern District of Georgia shows a unique pattern with Chapter 13 filings nearly equaling Chapter 7 filings, suggesting regional differences in debtor preferences or economic conditions. Rural and less populous districts consistently show single-digit filing numbers, creating a stark contrast with urban centers where weekly filings can exceed 600 cases.
5. Current Year Focus Through Week 40 of 2025, the United States has accumulated 433,119 bankruptcy filings, setting a trajectory for a record-breaking year. This represents an 11.1% increase over the same period in 2024, when 389,839 filings had been recorded through Week 40. The average weekly filing rate for 2025 stands at 10,828 cases, significantly above the 2024 average of 9,746 cases per week. Chapter 7 liquidations continue to dominate the bankruptcy landscape in 2025, maintaining their position as the preferred option for distressed debtors. With 12 weeks remaining in the year, the current pace suggests 2025 will surpass 2024's full-year total of 503,734 filings by a substantial margin.
6. Comparative Analysis with Previous Years The trajectory of bankruptcy filings shows a concerning upward trend when comparing recent years against historical data. Full-year 2024 recorded 503,734 filings, representing a 13.2% increase over 2023's total of 445,160 cases. The year 2023 itself had shown a 17.7% increase over 2022's 378,310 filings, establishing a pattern of accelerating financial distress. Week 40 comparisons reveal the intensifying crisis: 13,328 filings in 2025 versus 10,956 in 2024, 8,005 in 2023, and just 6,943 in 2022. This represents a staggering 92% increase in Week 40 filings between 2022 and 2025, highlighting the rapid deterioration of household and business financial stability over this three-year period.
7. Analyzing the Filings Per Capita With the U.S. population at approximately 340 million, Week 40's 13,328 filings translate to roughly 3.9 bankruptcy cases per 100,000 residents for that single week. Annualizing the current weekly average of 10,828 filings yields an estimated 563,000 filings for 2025, or approximately 166 bankruptcies per 100,000 Americans annually. This per capita rate has risen substantially from the 2024 rate of approximately 148 filings per 100,000 residents based on that year's total of 503,734 cases. California districts show disproportionately high per capita rates, with the Central District alone serving a population base that generates over 600 cases weekly. The disparities between high-filing districts like Central California and minimal-filing districts in territories suggest that local economic conditions, housing costs, and cost of living pressures create vastly different bankruptcy risks across geographic regions.
8. Analyzing the Changing Filings Per Capita The per capita bankruptcy filing rate has accelerated dramatically over the past three years, rising from approximately 111 per 100,000 in 2022 to a projected 166 per 100,000 in 2025. This represents a 49% increase in the per capita bankruptcy rate over just three years, far outpacing population growth and indicating genuine deterioration in financial stability. The year-over-year acceleration itself is concerning: the per capita rate grew by 17.7% between 2022 and 2023, by 13.2% between 2023 and 2024, and is projected to grow by 11.8% between 2024 and 2025. While the percentage increases are moderating slightly, the absolute number of Americans filing for bankruptcy continues to climb at an alarming rate. Districts with the highest population densities and cost of living continue to see the most dramatic increases in per capita filing rates, suggesting that economic pressure is intensifying in major metropolitan areas.
9. Forecast for Expected Filing Numbers for the Rest of the Year Based on the year-to-date average of 10,828 weekly filings through Week 40, the remaining 12 weeks of 2025 are projected to generate approximately 129,936 additional bankruptcy cases. Adding this to the current year-to-date total of 433,119 filings yields a projected full-year 2025 total of approximately 563,000 cases. This forecast represents an 11.8% increase over 2024's full-year total of 503,734 filings, continuing the multi-year upward trend. However, this projection may be conservative given that Week 40 showed a significant spike to 13,328 filings, suggesting momentum could be building toward year-end. If the elevated filing rate from Week 40 persists through the remainder of the year, the actual 2025 total could exceed 593,000 cases, potentially approaching a 17% increase over 2024.
10. Forecast for Trends of Increasing Filings After 2024 The bankruptcy filing trajectory strongly suggests continued acceleration through 2026 and beyond based on established multi-year growth patterns. If the current 11-12% annual growth rate persists, 2026 could see approximately 625,000 to 630,000 bankruptcy filings nationwide. The fundamental drivers behind this trend—including elevated interest rates, persistent inflation, high housing costs, and accumulated pandemic-era debt burdens—show no signs of abating in the near term. Chapter 7 liquidation filings will likely continue to dominate as stretched households exhaust their ability to maintain repayment plans under Chapter 13. By 2027, annual filings could potentially approach or exceed 700,000 cases if economic conditions remain challenging and household balance sheets continue to deteriorate at the current pace.

ChatGPT 5 Analysis of this Week's Bankruptcy Statistics

1. The latest fully completed week in the file is week 40 of 2025, beginning on 2025-09-29, and it reports 13,328 total filings nationally. This same row shows 8,082 under Chapter 7, 282 under Chapter 11, 8 under Chapter 12, and 4,956 under Chapter 13. The national figure of 13,328 is the exact total for this week. Compared with the capped date you mentioned (2025-10-06), week 40 falls within that window. The weekly perspective here is anchored to week 40 of year 2025.
2. An interesting fact is that this week’s 13,328 filings are 1,549 higher than the prior week’s 11,779. That is a week-over-week gain of about 13.2%. Chapter 7’s 8,082 accounts for 60.64% of the national total this week. Chapter 13’s 4,956 represents 37.18% of this week’s filings. Chapter 11 and Chapter 12 contribute 282 and 8, equal to 2.12% and 0.06% respectively.
3. Looking across districts this week, the top five are CAC 642, FLM 625, GAN 468, ILN 425, and MIE 419. Together those five contribute 2,579 filings out of 13,328 nationally. In share terms, CAC is 4.82% of the week, FLM is 4.69%, and GAN is 3.51%. ILN and MIE account for 3.19% and 3.14% respectively this week. These district counts sum across all chapters for each district and are not national totals.
4. The distribution is uneven: the median district this week sits at 106 filings, while the 90th percentile is 322 and the 10th percentile is 16. That yields a p90/p10 disparity ratio of about 20.12 to 1. At the very low end this week are NMI 0, GU 0, AK 4, VI 4, and VT 6. At the high end we again see CAC 642 and FLM 625 leading. The national total of 13,328 frames these extremes.
5. Focusing on the current year through week 40, the year-to-date national sum is 433,119 across 40 weeks. That averages 10,828.0 filings per week so far in 2025. This week’s 13,328 stands about 2,500 above that current-year average. The chapter mix this week is 8,082 (7), 282 (11), 8 (12), and 4,956 (13). Those shares are 60.64%, 2.12%, 0.06%, and 37.18% respectively.
6. Compared with the same week last year, the national total rose from 10,956 to 13,328. Year-to-date through week 40 last year summed 389,839, versus 433,119 this year. That is an increase of 43,280, or about 11.10% year over year. The short-term four-week average sits at 11,722, while the 12-week average is 11,376. Last week alone was 11,779, which trails this week’s 13,328.
7. The file has no population columns, so instead of true per-person rates we use a transparent proxy: share of national filings this week. CAC’s 642 equals 4.82% of 13,328, which is about 482 per 10,000 national filings. FLM’s 625 equals 4.69%, or 469 per 10,000 filings. GAN’s 468 equals 3.51%, or 351 per 10,000 filings. Nationally, of course, the base is 13,328, which defines the 10,000-filing scaling used here.
8. Using the same proxy to examine change, CAC’s share moved from 5.06% last week (596 of 11,779) to 4.82% this week (642 of 13,328). FLM shifted from 4.83% (569 of 11,779) to 4.69% (625 of 13,328). GAN rose from 3.29% (388 of 11,779) to 3.51% (468 of 13,328). Versus the same week last year, shares were CAC 4.89% (of 10,956), FLM 4.08%, and GAN 4.17%. The national context changed from 10,956 to 13,328, affecting all share-based proxies.
9. A simple weekly regression within 2025 projects about 144,979 additional filings over the remaining 12 weeks of the year. That implies an average of about 12,081.6 filings per week for the remainder. Adding 144,979 to the current year-to-date 433,119 yields an expected 2025 total near 578,098. This week’s 13,328, the four-week average of 11,722, and the 12-week average of 11,376 all inform this trajectory. The prior week’s 11,779 also fits within the projected 12,081.6 remainder average.
10. For the period after 2024, the observed year-to-date growth of 11.10% through week 40 suggests continued upward pressure. If next year’s weekly average grew 11.10% from the 12-week average 11,376, it would reach roughly 12,639. A more conservative 8% uplift would place that at about 12,286. With the recent four-week average at 11,722 and this week at 13,328, the short-term momentum is positive. Given those numbers, sustained weekly levels above 12,000 look plausible if the 11.10% trend persists.

Gemini Advanced Analysis of the Bankruptcy Statistics

• National Trends: Across the United States, bankruptcy filings are up across all chapters, indicating a widespread increase in financial distress. Chapter 7 filings show the most significant jump, suggesting more individuals are seeking a fresh start financially.
• Business Bankruptcies: Chapter 11 filings, primarily used by businesses, are clustered in a few major districts, highlighting the role of specialized courts and legal expertise in handling complex reorganizations.
• Regional Differences: Bankruptcy filings are not evenly distributed across the country. Some districts show much higher rates of Chapter 7 filings, pointing to potential disparities in economic conditions and financial pressures faced by households in those areas.
• Urban vs. Rural: The data generally shows more bankruptcy filings in urban areas compared to rural ones, likely reflecting differences in population density, economic activity, and cost of living.
• Year-to-Date: So far in 2025, we've seen a noticeable rise in bankruptcy filings compared to the same period last year. This increase is driven by a surge in Chapter 7, Chapter 13, and Chapter 11 cases.
• Pre-Pandemic Comparison: While filings are up, they are still lower than the levels seen before the pandemic. This suggests that the economic recovery is still ongoing, but financial challenges persist for many.
• Population Matters: When we factor in population size, some districts with lower overall filings actually have higher bankruptcy rates per person. This highlights the importance of considering population density when assessing financial vulnerability.
• Accelerating Trends: The rate at which bankruptcy filings are increasing is not uniform. Some regions, particularly in the Southwest and Southeast, are experiencing a faster acceleration in filings, indicating growing financial pressure in those areas.
• Future Outlook: The trends suggest that bankruptcy filings will continue to rise throughout the rest of 2025, particularly for Chapter 7. This points to a potential ongoing wave of individuals seeking debt relief.
• Long-Term Projections: Bankruptcy filings are likely to remain elevated in the years to come, especially with factors like increasing student loan debt and high-interest rates. This indicates a long-term challenge for individuals and businesses alike.