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Bankruptcy filings skyrocket as economist warns of further defaults

Por: Newsweek Business July 04, 2023

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Bankruptcy filings in the U.S. have surged as rising interest rates, a high debt burden and stubborn inflation pummel the corporate sector and experts are predicting an increase in companies defaulting on debt repayments.Chapter 11 bankruptcy filings soared by 68 percent in the U.S. in the first half of the year compared to 2022, according to data shared by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, on Monday.Recent data from... + full article



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