Bankruptcy filings in Connecticut have jumped 6.6% since March 2025, a new report reveals.
SmartAsset’s States of Bankruptcy report shows that roughly 97 out of every 100,000 residents filed for bankruptcy over the past year.
So why do people file for bankruptcy? It can serve as a financial reset for those who need one — often sparked by sudden job loss, divorce, medical emergencies, and other financial shocks, according to SmartAsset.
As of March 31, 2025, 3,338 people had filed for bankruptcy in the preceding 12 months. By March 31 of this year, that number had climbed to 3,559.
Although Connecticut sits among the bottom 10 states for bankruptcy filing increases, it is worth noting that only one state — Maine — actually recorded a decrease.
To learn more about the personal effects of filing for bankruptcy, as well as an inside look into other state data, head to the link here.