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Personal bankruptcy filings in the United States rose for the third straight year in 2025, climbing nearly 50 percent from their recent low in 2022, according to a new report.
There were 549,577 personal bankruptcy filings last year, loan marketplace LendingTree said in a study published July 6. That equals an average of 1,489 Americans filing for bankruptcy each day.
The total marked an 11 percent increase from 494,201 filings in 2024 and a 46.9 percent jump from 374,240 filings in 2022, when filings reached a recent low.
Chapter 7 bankruptcies accounted for the majority of personal filings in 2025, making up 62.3 percent of the total. Chapter 7, often referred to as the “clean slate” or liquidation bankruptcy, can involve the sale of nonexempt assets to repay creditors….
There were 549,577 personal bankruptcy filings last year, loan marketplace LendingTree said in a study published July 6. That equals an average of 1,489 Americans filing for bankruptcy each day.
The total marked an 11 percent increase from 494,201 filings in 2024 and a 46.9 percent jump from 374,240 filings in 2022, when filings reached a recent low.
Chapter 7 bankruptcies accounted for the majority of personal filings in 2025, making up 62.3 percent of the total. Chapter 7, often referred to as the “clean slate” or liquidation bankruptcy, can involve the sale of nonexempt assets to repay creditors….
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