Bankruptcy filings in the U.S. jumped markedly in the first six months of 2023 compared to the same period last year according to data released this week by Epiq Bankruptcy. The firm reported commercial Chapter 11 "reorganization" bankruptcies surged 68%, with filings forsmall businessesclimbing ...
In the United States, bankruptcy is a legal process that individuals or businesses go through when they are unable to balance their debts. The number of bankruptcy cases filed varies greatly between different states. In 2023, there were 36,145 non-business bankruptcy filings in California, which...
Chapter 11 bankruptcy filings spiked in 2023, totaling 6,569, a 72% increase over 2022, according to recently released data from Epiq AACER, as higher interest rates and inflation pushed highly leveraged organizations to the brink. Subchapter V elections within Chapter 11 — a reorganiz...
Individual chapter 13 filings during the first quarter of 2024 were 45,958, a 9 percent increase over the 42,362 individual chapter 13 filings in the same period of 2023. “As we expected, the upward trajectory in both commercial and individual related bankruptcy filing volumes con...
The high monthly bankruptcy counts in 2023 followa historically slow year in 2022.Many bankers and analysts expect a downturn in the economy in 2023 that may prompt additional bankruptcy filings. S&P Global Ratings, meanwhile, expects an uptick in...
Recent Chapter 11 filings in the retail sector have highlighted significant struggles for well-known brands. Many of these filings have been driven by factors such as inflation, changing consumer habits, debt burdens, and the overhang of the Covid-19 pandemic. Let’s take a look at some of ...
Jonathan Carson, co-CEO of bankruptcy services and technology firm Stretto, says there have been 17 such Chapter 11 filings in the sector so far in 2024, and there were only nine at this point last year. He expects the trend to continue. ...
Archer said that although the vast majority of Chapter 11 bankruptcies are filed by corporations, not individuals, it is still important for individual debtors to be aware of these two separate filings. That is because an outside trustee might be interested in any tax refund that the debtor rec...
INCOMPLETE FILINGS DUE BY 7/23/2020, (PORTER, MINNIE). (ENTERED: 09/02/2020) [+] Read More Centric Denim USA, LLC U.S. Bankruptcy Courts | New York Southern Bankruptcy Court | Bankruptcy | 7:20-BK-22647 | 05/18/2020 DOCKET 06/05/2020 PENDING DEADLINES TERMINATED. (MCCAFFREY...
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