As the economic landscape in Montana remains uncertain, more and more residents are finding themselves in financial turmoil, leading to a notable increase in personal bankruptcies across the state.According to data released by the Montana Bankruptcy Court on February 20, 2026, there has been a 15% rise in personal bankruptcy filings compared to the previous year. This surge in bankruptcies comes as the state continues to grapple with the lingering effects of the COVID-19 pandemic and other economic challenges.One of the main factors contributing to the rise in bankruptcies is the high unemployment rate in the state. Many Montanans have lost their jobs or seen a significant reduction in income, making it difficult for them to stay afloat financially. Additionally, rising inflation and the increasing cost of living have put additional pressure on households already struggling to make ends meet.Experts believe that the trend of increasing bankruptcies is likely to continue in the coming months unless significant interventions are made to stabilize the economy and provide relief to those in financial distress. While government assistance programs have provided some relief to individuals and businesses, many are still falling through the cracks and turning to bankruptcy as a last resort.In response to the rising number of bankruptcies, organizations providing financial counseling and support services have seen a surge in demand for their services. These organizations are working tirelessly to help individuals navigate the complex process of bankruptcy and rebuild their financial lives.As Montana works towards economic recovery, it is crucial for policymakers, businesses, and community leaders to come together to address the root causes of financial instability and provide support to those most affected. By implementing targeted interventions and strategies to support struggling households, the state can work towards reducing the number of bankruptcies and helping residents secure a more stable financial future.