Filings are down slightly from April 2025, but up 7% from May 2024
New monthly bankruptcy data from G2 Risk Solutions (G2RS) shows May 2025 filings decreased 2.84% from April 2025. Total Chapter 7 consumer filings reached 48,213 in May. Commercial filings for May 2025 were 1,202.
G2RS provides bankruptcy management services to U.S. lenders and creditors in a majority of cases filed.
As compared to May 2024, consumer filings in May 2025 filings are up 7.41% YoY. G2RS analysts’ are projecting that overall, 2025 total consumer bankruptcy filings will exceed 2024 by 1.38%.
Commercial filings increased 34.6% from April 2025, and 4.2% over May 2024. Though overall, commercial filings for 2025 year-to-date have decreased compared to 2024, they remain significantly higher than pre-pandemic levels. There was a major dip in commercial filings in 2021–2022, likely due to pandemic relief programs. This has been followed by considerable commercial filing increases in 2023 and 2024, with year-over-year growth rates of 60.4% and 35.6%, respectively.
“It’s worth noting that the May 2025 consumer bankruptcy filing data marks the third-highest total in the past 61 months, since March of 2020,” said Ryan Sanders, director at G2 Risk Solutions. “This is something we’re watching, as the two highest totals during the past five years were also recently recorded during March and April of 2025.”