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The restaurant you drive past on your way to work could be one of the 302

One Number
One Number

Sep 21, 2026

63

THE ECONOMY & MAIN STREET • SMALL BUSINESS & FREE ENTERPRISE

The Fed raised rates on Wednesday. These numbers were already baked before the vote. In August alone, 302 small businesses filed for bankruptcy under Subchapter V—the streamlined path Congress created for shops with under $3,424,000 in debt. A year ago that number was 185. And this isn’t a blip. First half of the year, filings ran 50% above 2025. These aren’t hedge funds. These are contractors, restaurants, family shops—the businesses you drive past on your way to work.

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Every one of those 302 filings was somebody who built something with their own hands and couldn’t borrow their way through one more quarter.

Source: Epiq AACER, U.S. Bankruptcy Filing Data, Sep 2026
One number. Every morning.
— Jack Corbin

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