U.S. Bankruptcy Filings Increase Since 2022

Why it matters locally: Virginia's economy, like the rest of the nation, is subject to the broader trends in bankruptcy filings, which could impact local businesses and individual financial stability across the Commonwealth.

Bankruptcy filings in the United States have increased by an estimated 48% in the period spanning 2022 to 2025. This increase represents a change in the national bankruptcy rate. Despite this recent rise, current bankruptcy levels remain below those recorded prior to the global pandemic.