NACMCredit IntelligenceBANKRUPTCY INSIGHTSUpdated weekly

A clearer view of commercial credit risk

See financial distress.
Recognize the patterns.

Explore business bankruptcy activity, follow restructuring trends, and see how the picture changes across markets.

Business cases24 complete monthsFederal court records
Explore the dataBusiness debtors
Business filing pulse12 complete months——

Unique court-scoped business cases

Chapter 11 activityAll chapters in selected market——

Restructuring activity in context

Three-month momentumComplete calendar months——

Latest 3 months vs. previous 3

Compared with normalSeasonal three-month baseline——
Lower activityHigher activity

Historical comparison

The bigger picture

Business Bankruptcy Trend

24 complete months

Monthly cases3-month average
View monthly values

The shape of distress

Chapter Mix

All chapters in selected market

Follow the mix alongside volume to see how filing activity differs across markets.

Where activity is concentrated

Market Activity

Court states · minimum 5 cases

A closer geographic view

City Activity

By debtor address

Chapter 11 watch

Small Business

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Classified Chapter 11 cases

Business type watch

Single-Asset Real Estate

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Unique cases in the selected period

Business type watch

Healthcare

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Cases designated health care business

From numbers to perspective

What the Data Is Showing

Calculated observations
About these measures

Cases are counted by court and case number. State filters and rankings use the first two characters of court_name (court_state). City rows use debtor addresses and may include foreign locations even when filtered to a U.S. court state. Chapter 11 indicators and chapter mix include all chapters in the selected market; other panels follow both filters. Business-type designations may overlap. Monthly totals, comparisons, and summaries exclude partial months. The historical baseline averages the same three calendar months across up to ten prior years, including zero-count periods within archive coverage, and requires at least three years. Multiple records for one case do not establish multiple distinct companies or an affiliated filing group.

Put the Numbers in Context

A number Doesn’t Tell the Whole Story

These charts reveal changes in bankruptcy activity, but the numbers alone cannot explain what is driving those changes.

One Company Can Move the Numbers

A large business or retail chain with multiple locations may account for a meaningful portion of filings during a given period. A higher filing count does not necessarily mean the same number of unrelated businesses have failed.

Industry and Geography Matter

Financial stress is rarely distributed evenly. One industry, market, or geographic area may experience significantly more bankruptcy activity while conditions elsewhere remain relatively stable.

Look Beyond a Single Month

Economic conditions, filing patterns, business structure, and individual cases can create short-term movement. The three-month rolling average helps reduce some of that volatility and makes the broader trend easier to see.

Know When a Customer Files

The charts show the broader bankruptcy picture. NACM South Atlantic can also help you identify bankruptcy activity within your own customer portfolio. Customers using Account Monitoring, including participating Electronic Data Contributors, can receive triggered email alerts when a bankruptcy filing is identified for one of their customers.


Live Bankruptcy Data

NACM South Atlantic updates this data weekly using bankruptcy data collected from 90 federal courts through the PACER system.

Turn bankruptcy data into actionable credit intelligence.
Learn more about
Account Monitoring
and
Electronic Data Contribution.