US bankruptcy filings have reached their highest levels since 2017, according to multiple sources. Chapter 7 filings have increased by 34.25% year-over-year, Chapter 11 filings by 25.83%, and Chapter 13 filings by 16.18%. The trend of rising business bankruptcies has been noted by the MUFG Bank Economic Research Office and other financial analysts, indicating a significant upward trajectory in bankruptcy cases.