Bankruptcy Management Tools Market Report 2025

The bankruptcy management tools market size has grown rapidly in recent years. It will grow from $1.05 billion in 2024 to $1.22 billion in 2025 at a compound annual growth rate (CAGR) of 16.5%. During the historic period, growth was driven by widespread financial distress among businesses, increased focus on regulatory compliance, a high volume of bankruptcy filings, the complexities involved in bankruptcy processes, and the demand for efficient debt restructuring and recovery solutions.

The bankruptcy management tools market size is expected to see rapid growth in the next few years. It will grow to $2.23 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. In the forecast period, growth is expected to be driven by the adoption of digital solutions, the increasing use of cloud-based platforms and software-as-a-service models, the need for automation in legal and financial processes, rising adoption by law firms and insolvency professionals, and the demand for efficient and accurate bankruptcy case management. Key trends during this period include the development of mobile applications, creation of predictive financial models, integration with legal case management systems, implementation of multi-channel communication, and advancements in automated risk assessment.

The rising incidence of financial distress is expected to drive growth in the bankruptcy management tools market. Financial distress occurs when a company or individual cannot meet financial obligations or repay debts. Economic uncertainties are increasing the prevalence of such distress, creating instability for both businesses and individuals. Bankruptcy management tools address these challenges by streamlining case tracking and document management, enabling more efficient restructuring processes. They provide data-driven insights that support informed decision-making and improve outcomes for businesses and creditors. For example, Begbies Traynor Group plc reported in August 2022 that businesses experiencing critical financial distress rose by 37% in Q2 2022 compared to the same period in 2021. This trend is contributing to the growing demand for bankruptcy management solutions.

Companies in the bankruptcy management tools market are focusing on advanced analytics platforms to improve case management and data-driven decision-making. These platforms use data analysis, predictive modeling, and visualization to optimize bankruptcy case outcomes. In March 2022, US-based EPIQ Systems Inc. launched the Epiq Bankruptcy Analytics platform, offering cloud-based access to updated bankruptcy filing data from 93 U.S. courts. The platform provides detailed insights into new and historical filings, open and closed cases, and adversarial proceedings. Customizable dashboards allow users to track trends by geography, timeframe, and case outcomes, helping legal professionals, lenders, and investors make informed decisions, anticipate developments, and refine strategies.

In October 2024, Stretto Inc., a US-based technology and services company, acquired Chapter11Dockets for an undisclosed amount. This acquisition enhances Stretto’s bankruptcy management offerings by adding advanced docket monitoring and case tracking capabilities. Chapter11Dockets specializes in providing bankruptcy case monitoring and management tools, strengthening Stretto’s ability to deliver comprehensive solutions for legal and financial professionals.

Major players in the bankruptcy management tools market are Wolters Kluwer N.V., LexisNexis Risk Solutions Group Inc., Epiq Systems Inc., Clio Inc., Filevine Inc., Stretto Inc., Smokeball Pty Ltd., Equator Inc., TimeSolv Inc., Lawsyst Technologies Pvt. Ltd., NextChapter BK Inc., Amicus Attorney, Best Case LLC, CARET Legal, LegalPRO Systems LLC., Panther Software LLC., BK Questionnaire, Captafi Inc., G2 Risk Solutions Inc., Solvemint Inc.

North America was the largest region in the bankruptcy management tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in bankruptcy management tools report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the bankruptcy management tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Bankruptcy management tools are software solutions or systems created to help individuals, businesses, and legal professionals navigate the complexities of bankruptcy processes. They facilitate case documentation, ensure compliance with legal requirements, track financial restructuring, and manage debt repayment schedules. These tools improve accuracy, transparency, and efficiency while reducing administrative workload in bankruptcy proceedings.

The main components of bankruptcy management tools include software and associated services. The software consists of specialized digital platforms that automate and manage legal, financial, and administrative tasks related to bankruptcy. These solutions can be implemented on-premises or via cloud platforms and serve organizations of varying sizes, from small businesses to large enterprises, across industries such as retail, manufacturing, healthcare, hospitality, finance, and banking.

The bankruptcy management tools market research report is one of a series of new reports that provides bankruptcy management tools market statistics, including bankruptcy management tools industry global market size, regional shares, competitors with a bankruptcy management tools market share, detailed bankruptcy management tools market segments, market trends and opportunities, and any further data you may need to thrive in the bankruptcy management tools industry. This bankruptcy management tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bankruptcy management tools market consists of revenues earned by entities by providing services such as compliance monitoring, document preparation and filing, automated legal notifications, and case workflow management. The market value includes the value of related goods sold by the service provider or included within the service offering. The bankruptcy management tools market also includes sales of bankruptcy case management software, automated claims processing systems, and bankruptcy data analytics platforms. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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