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In 2025, U.S. bankruptcy filings across both corporate and personal sectors reached their highest levels since 2010
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Corporate Bankruptcy Trends
Corporate filings surged in 2025, driven by persistent high interest rates, inflation, and disruptions from new trade policies.
15-Year High: Large corporate bankruptcies (tracked by S&P Global) totaled 717 through November 2025, a 14% increase compared to 2024 and the highest since the Great Recession era.
"Mega" Bankruptcies: Filings by companies with over $1 billion in assets rose sharply, with 17 such cases in the first half of 2025 alone—the most in any half-year period since 2020.
Hardest-Hit Sectors: The industrials (manufacturing, construction) and consumer discretionary (retail, fashion) sectors saw the most activity.
Small Businesses: Small business filings under Subchapter V increased by roughly 10% year-to-date.
Notable 2025 Corporate Filings
Multiple high-profile brands sought bankruptcy protection or closed entirely during the year:
Retail: Spirit Airlines, Claire's, Rite Aid (second filing, ceased operations), Joann (second filing, closed all stores), and At Home.
Dining/Consumer: Hooters, Forever 21, 23andMe, and WW International (WeightWatchers).
Manufacturing: Nikola (electric trucks) and First Brands.
Personal and Total Filings
Total annual bankruptcy filings for the year ending September 30, 2025, rose to 557,376, a 10.6% increase over the previous year.
Non-Business (Personal): Increased by 10.8% to 533,337 filings, largely due to "sticky" inflation and rising cost-of-living pressures.
Chapter Breakdown: Personal Chapter 7 (liquidation) filings rose by 11% in late 2025, while Chapter 13 (repayment plans) rose by 5%.
For detailed statistics and local data, you can consult the U.S. Courts Bankruptcy Filings Database.
These analyses detail the significant increase in 2025 US bankruptcies, including corporate trends and personal filing data:
https://www.businessinsider.com/bankruptcy-data-15-year-high-charts-2025-11
https://www.aol.com/articles/bankruptcies-soared-15-high-2025-164334785.html
More reading:
https://www.cornerstone.com/insights/press-releases/mega-bankruptcies-surge-in-first-half-of-2025/
Happy New Year.



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