Total February commercial filings increased 48 percent to 2,546 from the 1,720 commercial filings in February 2023. Small business filings, captured as subchapter V elections within chapter 11, increased 78 percent to 213 in February 2024, up from 120 the previous year.

Total bankruptcy filings were 39,014 in February 2024, a 22 percent increase from the February 2023 total of 31,909. February marks 19 consecutive months that total, individual, and commercial bankruptcy filings have registered monthly year-over-year increases.