Americans considering filing for bankruptcy hits highest level since pandemic

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The Brief

    • Bankruptcy filings are on the rise in 2025.
    • This year, over 140,000 bankruptcy filings were reported in the U.S.
    • Americans thinking about bankruptcy are tied to financial factors like tariffs and consumer debt. 

A new report reveals that more people are pondering filing for bankruptcy in the first half of 2025, which is the highest level since 2020.

LegalShield released its findings using its Consumer Stress Legal Index (CSLI), which the legal service provider pointed to a heightened financial strain that has become a “new normal” for American households.

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https://www.fox10phoenix.com/news/americans-consider-filing-bankruptcy-high-level