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Reply (Shutterstock) REDMOND, WA The coronavirus pandemic has caused sharp swings in the economy over the past year, thrusting many businesses and families into economic uncertainty and in some cases outright collapse. Even so, the number of national bankruptcies filed in 2020 was the lowest since 1986 and nearly 30 percent lower than in 2019. But many experts expect bankruptcies to increase in the coming years. The federal court system was closed near the beginning of the pandemic, which delayed filings for months. Moreover, bankruptcies also tend to be lagging indicators of economic distress because of the complex legal process involved; the Great Recession began in 2007 but bankruptcies didn t peak until 2010.

United statesKing countyNeil peretzFred mckinneyNeiman marcusUs courts administrative officeInnovation entrepreneurship at quinnipiac universityPeople united centerUs department of justiceRedmond area bankruptcy filings slowed amidPatch staff badgeGreat recessionUnited centerQuinnipiac universityஒன்றுபட்டது மாநிலங்களில்கிங் கவுண்டி