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(Photo by Melinda Gimpel on Unsplash ) The American Bankruptcy Institute recently reported that, “The 6,067 total commercial chapter11 bankruptcies filed during the first nine months of 2024 represented a 36 percent increase over the 4,561 filed during the same period in 2023.”
Commercial bankruptcies have been surging since mid-2022. Chapter11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year.
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