Total Bankruptcy Filings Up 6 Percent

NEW YORK – Sept. 3, 2025 – The number of distressed small businesses electing to file for subchapter V of chapter 11 of the U.S. Bankruptcy Code increased 17 percent to 200 last month from the 171 registered in August 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Overall commercial bankruptcy filings decreased 3 percent in August 2025 to 2,541 from 2,603 in August 2024. Commercial chapter 11 filings in August 2025 decreased 0.5 percent to 616 from the 619 filings in August 2024.

The 47,936 total U.S. bankruptcy filings in August 2025 increased 6 percent from the August 2024 total of 45,177. Individual bankruptcy filings registered a 7 percent increase, to 45,395 in August 2025 from the August 2024 individual total of 42,574. The number of consumers filing for chapter 7 increased 10 percent to 28,053 in August 2025 from the 25,427 who filed for chapter 7 last August, while chapter 13 filings increased 1 percent to 17,232 in August 2025 from the 17,068 chapter 13 filings in August 2024. 

“As anticipated, bankruptcy filing volumes continue to climb, even as GDP shows growth and unemployment remains relatively stable,” said Michael Hunter, vice president of Epiq AACER. “Notably, we are witnessing the longest sustained increase in total open case inventory since 2008—a clear indicator of shifting financial pressures. Looking ahead, we expect this upward trend to persist into 2026, as bankruptcy protection filings return to pre-pandemic levels. Key factors contributing to future uncertainty include the impact of tariffs, the resumption of student loan obligations, and interest rates.”

“While filings are still below pre-pandemic totals, financial challenges continue to accumulate for consumers and businesses amid an economic environment of elevated prices, higher borrowing costs and uncertain geopolitical activity,” said ABI Executive Director Amy Quackenboss. “Bankruptcy provides a proven process for struggling families and businesses wrestling with mounting debt to achieve a financial fresh start.”

All bankruptcy filing categories in August decreased from July. August’s total bankruptcy filings decreased 4 percent from July’s total of 49,650. Total individual filings for August dropped 3 percent from the July 2025 individual filing total of 46,663. Commercial filings registered a 17 percent decrease from the July 2025 commercial filing total of 3,017, and commercial chapter 11 filings declined 33 percent from the 913 filings in July 2025. Consumer chapter 7 filings decreased 4 percent from the 29,121 filings last month, while chapter 13 filings registered a 1 percent decline from the 17,406 chapter 13s filed in July 2025.

Epiq AACER is a division of Epiq and is the leading provider of data, technology, and services for companies operating in the business of bankruptcy. Its Bankruptcy Analytics subscription service provides on-demand access to the industry’s most dynamic bankruptcy data, updated daily. Learn more at https://bankruptcy.epiqglobal.com. 

About Epiq 
Epiq, a technology and services leader, takes on large-scale and complex tasks for corporate legal departments, law firms, and business professionals by integrating people, process, technology, and data. Clients rely on Epiq to streamline legal and compliance, settlement, and business administration workflows to drive efficiency, minimize risk, and improve cost savings. With a presence in 18 countries, our values define who we are and how we partner with clients and communities. Learn how Epiq and its 6,100 people worldwide create meaningful change at www.epiqglobal.com.  

About ABI 
ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abi.org. For additional conference information, visit https://www.abi.org/calendar-of-events.

Press Contacts 
Carrie Trent 
Epiq, Director of Communications 
Carrie.Trent@epiqglobal.com