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Bankruptcy filings spiked across region in 2024 — Down to Business

8 1
17.01.2025

Reflecting a national trend, bankruptcy filings for a wide swath of New York that includes the Capital Region rose last year to a level not seen locally since at least 2020, when the COVID-19 pandemic hit.

Overall filings by consumers and businesses reached nearly 3,700 in 2024, a 9.6% increase over 2023. Filings in 2020 totaled 4,400.

While higher than the past few years, the 2024 numbers are still a far cry from a decade ago, when more than 6,800 consumer and business filings were recorded.

The local data come from U.S. Bankruptcy Court for the Northern District of New York, which encompasses a 32-county area stretching east and north from Binghamton toward the Canadian border.

Last year, business bankruptcies totaled 107 in the district. That was the highest they have been since 2020, which saw........

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