BURLINGAME, Calif.– Commercial bankruptcy filings in May decreased 2.84% from April, but remain up year-over-year, while Chapter 7 consumer filings reached 48,213 in May, according to new monthly bankruptcy data from G2 Risk Solutions.
According to the company, commercial filings for May 2025 were 1,202.
Compared to May 2024, consumer filings in May 2025 filings are up 7.41% YoY, the company said.
G2RS analysts’ are projecting that overall, 2025 total consumer bankruptcy filings will exceed 2024 by 1.38%.
‘Significantly Higher’
According to the G2RS data, 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,” the company said. “There was a major dip in commercial filings in 2021–2022, likely due to pandemic relief programs.”
The company noted that trend line followed considerable commercial filing increases in 2023 and 2024, with year-over-year growth rates of 60.4% and 35.6%, respectively.
‘Worth Noting’
“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,” Ryan Sanders, director at G2 Risk Solutions, said in a statement. “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.”
