Bankruptcy Filings Are Up 14% in 2026. Here Is What Chapter 7 and Chapter 13 Each Actually Do — and How to Know Which One Fits Your Situation.

WASHINGTON, May 20, 2026 — More Americans filed for bankruptcy in the first three months of 2026 than in any first quarter since the pandemic disrupted the courts in 2020. The numbers are not the result of a single catastrophic…










