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Rising Bankruptcy Filings Make Today’s Headlines, But Keep An Eye on Historic Policies

By Scott Williams
January 01, 2025

Many of my fellow bankruptcy professionals know that we’ve been busy, but for the record, the Administrative Office of the U.S. Courts reports a 33.5% increase in business bankruptcy filings for the year ending September 30. That’s down from the year-to-year figure of 40% in July, suggesting the recent surge of filings may have peaked or maybe an anomaly due to small business debtors perceptively filing in advance of the reduction in the debt limits eligibility.

We also know filing numbers don’t always tell the full story. Some bankruptcies, like that of Steward Health Care, involves over one hundred of individual filings that are really from the same company and where multiple entities are consolidated into one docket.

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