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bankruptcy

A collection of 3 posts

Epiq Bankruptcy says close to 3,000 firms declared bankruptcy in the past six months

Per Business Insider Close to 3,000 firms reportedly filed for bankruptcy in the past six months ending in June, according to Epiq Bankruptcy. This was the highest number of filings ever since 2010. This came as high-interest rates resulted in more American businesses deciding to file for bankruptcy. The

US commercial Chapter 11 bankruptcy cases was 68% more than the same point a year ago

Per Market Watch There have reportedly been much more Chapter 11 bankruptcy cases in the US compared to just a year ago. In June, there were 217,000 bankruptcy cases filed, a 17% increase from the 185,000 cases filed in the same period in 2022 but for commercial Chapter

Small businesses bankruptcy rate beats peak pandemic levels

Per BI While the peak of the pandemic saw multiple small businesses file for bankruptcy, that rate of them filing for bankruptcy was taken over by current numbers. At the pandemic's peak, the four-week moving average was just 4.5% in June 2020, but in late February, the