Free Top 20 U.S. States by Change in Business Bankruptcies (2020-2025) Chart
The chart shows that California recorded the highest increase in business bankruptcies from 2020 to 2025 with 200 cases, signaling major economic shifts in the state. New York follows with 180 cases, reflecting rising financial pressures on businesses. Texas ranks third with 150 cases, indicating a substantial upward trend in bankruptcy filings. Florida posts 120 cases, while Pennsylvania records 110, rounding out the top five. Other states such as North Carolina report 100 cases, and a large group including Michigan, New Jersey, Virginia, Washington, Arizona, and several others each show 90 cases. The data suggests widespread increases across multiple states, not just in traditionally high-cost regions, pointing to broader economic pressures affecting businesses nationwide. The concentration of higher bankruptcy numbers in larger states reflects both their larger business volumes and the economic challenges experienced during this period.
| Labels | Change in Bankruptcies (2020–2025 Count) |
|---|---|
| California | 200 |
| New York | 180 |
| Texas | 150 |
| Florida | 120 |
| Pennsylvania | 110 |
| North Carolina | 100 |
| Michigan | 90 |
| New Jersey | 90 |
| Virginia | 90 |
| Washington | 90 |
| Arizona | 90 |
| Massachusetts | 90 |
| Ohio | 90 |
| Georgia | 90 |
| Tennessee | 90 |
| Indiana | 90 |
| Missouri | 90 |
| Maryland | 90 |
| Wisconsin | 90 |
| Illinois | 90 |
