The number of businesses seeking chapter 11 protection rose 52% in July from a year earlier as the coronavirus pandemic roiled the economy and upended businesses from coast to coast.
Personal bankruptcy filings were also up, according to legal-services firm Epiq Systems Inc. The upward trend in bankruptcy filings in the U.S. is expected to continue in the coming months as government-funded assistance programs, intended to soften the blow from the coronavirus pandemic, come to an end.
CamilleHurn Holy crap!
Wow thanks Captain Obvious! All for the sake of protecting Joe Biden
Nice Pizza place.....too bad
What do we expect when you close the nation down. AMERICA is built to work. Open AMERICA and get out of the way.
My question did they all get PPP money before bankruptcy fillings?
Wondering how many were due to riots, violent domestic terrorism as that would be an interesting statistic, number.
Still enough bullets for the stimulus plan?
I’m surprised bankruptcies in the US only went up 52% in July. If you drive around any US cities, 99% of businesses are closed. What’s strange is the stock market doing well.
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Source: BusinessInsider - 🏆 729. / 51 Read more »