Several factors may contribute to the increase in bankruptcy filings observed in 2024:

1. Economic Downturn: A slowing economy, or a recession, can lead to higher rates of unemployment and reduced consumer spending, pushing more individuals and businesses into financial distress.

2. Inflation and Rising Costs: Higher living costs, including essentials like food, housing, and healthcare, can strain personal finances and increase debt burdens.

3. Credit and Debt Accumulation: Increased borrowing and higher levels of consumer debt can make it more difficult for individuals to manage payments, leading to more defaults and subsequent bankruptcy filings.

4. Interest Rate Hikes: Rising interest rates can increase the cost of borrowing, making it harder for people to service their existing debt.

5. Healthcare Costs: Medical expenses continue to be a significant factor pushing individuals into bankruptcy, especially without adequate insurance coverage.

6. Pandemic Aftereffects: The economic impact of COVID-19 may still be affecting some individuals and businesses, contributing to financial instability.

7. End of Government Assistance Programs: The tapering off or ending of government assistance programs provided during the pandemic could lead to increased financial hardships for some.

8. Business Failures: Economic challenges can lead to more business closures, affecting employees and entrepreneurs who may then file for personal bankruptcy.

9. Housing Market Issues: Fluctuations in the housing market, including rising mortgage rates, can lead to more foreclosures and bankruptcy filings.

Understanding the specific reasons behind the trend often requires deeper analysis of economic conditions, policy changes, and consumer behavior during the period in question.