Commercial Chapter 11 bankruptcies have soared 61% year over year to 4,553, according to Epiq Bankruptcy, which provides U.S. bankruptcy filing data.
Chapter 11 Filings By Businesses Soar 61% So Far This Year
| Source: | https://www.zerohedge.com/markets/chapter-11-filings-businesses-soar-61-so-far-year |
| Published: | Oct 6, 2023 |
| Author: | Tyler Durden |
| Post Date: | 2023-10-06 09:42:35 by Horse |
| Views: | 195 |
#1: Lod To: Horse (#0)
Updates to Retail Dive’s bankruptcy tracker have been numerous in 2023 so far, with the all-important holiday quarter left to go.
A wide array of U.S. businesses have struggled this year. In the first nine months of 2023, commercial Chapter 11 bankruptcies have soared 61% year over year to 4,553, according to Epiq Bankruptcy, which provides U.S. bankruptcy filing data.
Small business filings in that time rose 41% to 1,419, according to the research, released by Epiq and the American Bankruptcy Institute. In all, considering every type of bankruptcy, filings in the commercial sector rose 17% to 18,680.
After recent declines thanks in part to pandemic-era financial support, consumer filings also rose this year, up 17% to 313,458, per the report.
Lod posted on 2023-10-06 10:43:07 Reply Private Reply