Business bankruptcies have risen steadily since 2023, reflecting a broad-based increase in financial stress across the economy. After reaching historically low levels during and immediately following the pandemic, filings have increased for three consecutive years, driven by higher interest rates, inflation, tighter credit conditions, rising labor costs, and mounting debt burdens. The first half of 2026 indicates that the upward trend remains intact, particularly among small and middle-market companies. The current trajectory suggests a prolonged restructuring cycle rather than a temporary blip.
U.S. business bankruptcy filing trends in 2026
Business bankruptcy filings increased from 17,051 in 2023 to 22,762 in 2024 and 24,039 in 2025,…