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Business and Personal Bankruptcy Filings in the U.S. Rose in July – The Wall Street Journal


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Business and Personal Bankruptcy Filings in the U.S. Rose in July – The Wall Street Journal

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…

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.

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