THE ECONOMY & MAIN STREET • SMALL BUSINESS & FREE ENTERPRISE
That’s the number of small businesses that filed to reorganize under Subchapter V bankruptcy protection in the first half of this year. The same six months in 2025… 1,107. A 50 percent jump in twelve months. And it’s not slowing down — July Sub V filings ran 24 percent above last July. These aren’t corporate restructurings making the Wall Street Journal. These are the machine shop two towns over, the restaurant your kids loved, the contractor who built your deck. Borrowing costs are crushing them. Customers are pulling back. And now a fresh round of tariffs just made every imported part more expensive.
❝
That’s nine small businesses a day, every day, for six straight months — and the tariffs that just hit hadn’t even taken effect yet.
