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October Commercial Chapter 11 Filings Increased 106 Percent over 2022

October Commercial Chapter 11 Filings Increased 106 Percent over 2022
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Carrie trentAmy quackenbossTodd madsenJohn hartgenCommunications public relationsPublic affairs officerCommercial chapterEpiq bankruptcyDirector amyBankruptcy analyticsPublic affairs

October Commercial Chapter 11 Filings Increased 106 Percent over 2022

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) There were 631 commercial chapter 11 filings registered in October 2023, an increase of 106 percent .

Carrie trentTodd madsenJohn hartgenAmy quackenbossCommunications public relationsPublic affairsEpiq bankruptcyDirector amyBankruptcy analytics

Big-Company Bankruptcies Hang Over Economy

Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure.

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The rise of the MEGA bankruptcy: 459 US firms have filed for bankruptcy this year - the most since 2020 - and 16 had more than $1 billion in assets

Large-scale corporate bankruptcies are at their highest level since 2020 as elevated interest rates continue to batter businesses.

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Chapter 11 filings by businesses soar 61% so far this year, report finds

Chapter 11 filings by businesses soar 61% so far this year, report finds
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