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April Consumer Chapter 7 Bankruptcy Filings Increase 16 Percent from Previous Year

GlobeNewswire LogoGlobeNewswire1d ago

April Consumer Chapter 7 Bankruptcy Filings Increase 16 Percent from Previous Year - GlobeNewswire

Quick Summary:

Total Bankruptcy Filings Increase 9 PercentNEW YORK, May 02, 2025 (GLOBE NEWSWIRE) -- The 30,961 individual chapter 7 filings in April 2025 represented a 16 percent increase over the 26,781 filings recorded in April 2024, according to data provided by Epiq AACER, the leading provider of U.S.bankruptcy filing data.

"The 9 percent increase in total bankruptcy filings in April 2025, particularly the 16 percent surge in individual chapter 7 filings, reflects the mounting financial strain on households, elevated prices, and higher borrowing costs,” said Michael Hunter, Vice President of Epiq AACER.

"Although commercial Chapter 11 filings declined, the 4 percent growth in subchapter V filings highlights the ongoing challenges for small businesses seeking relief, pointing to a broader need for accessible restructuring options.” Total bankruptcy filings were 49,588 in April 2025, a 9 percent increase from the April 2024 total of 45,615.

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Article Details

Author / Journalist: Epiq Systems Inc

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 14:44:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28321928

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 7 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 10 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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