BANKRUPTCY INSIGHTS
May Bankruptcy Filings Continue Steady Rise Across All Chapters
Bankruptcy activity continued its consistent upward trend in May, with 48,238 new cases filed. This represents a 7.13 percent increase compared to the same month last year. The year-over-year growth is especially notable given that May 2024 already had elevated filing volumes. All chapters of the Bankruptcy Code saw increases, reflecting a steady rise in filings despite mixed economic signals and shifting market conditions.
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VIDEO: May Bankruptcy Developments That Could Shape What's Next
Listen in as Cliff White recaps another month of steady growth in bankruptcy activity and examines two areas with potential long-term impact: national economic indicators and fast-moving developments in Washington.
From a sharp drop in consumer sentiment and rising student loan delinquencies to proposed budget cuts affecting the USTP and CFPB, this month’s update outlines what lenders and creditors should be watching closely.
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AIS warrants that it employs all reasonable endeavours to ensure that the supplied statistical reports are substantially complete and free of errors or defects. The user acknowledges that all information contained herein is derived from public record data and from time to time, errors may occur. InSight is a proprietary analytical report produced monthly by AIS. The supplied information will not be disclosed, recompiled, sold or traded, in whole or in part, to third parties unless prior written consent is obtained. AIS assumes no responsibility or liability for any decisions made as a result of using this report.