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Date Posted: 9:39:21 4/06/23 Thu
Author: Jasper
Subject: Is this a one time only report or the bearer of bad tidings.

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Small Businesses File For Bankruptcy At Record Pace, Surpassing COVID Crash

As of February 2023, the monthly bankruptcy filings exceeded 31,000, an 18 percent rise from the 25,564 bankruptcy filings reported in February 2022, according to data provided by the American Bankruptcy Institute. The increase in Chapter 11 bankruptcies—typically used by larger businesses—rose by 83 percent over the same period, with 373 total filings in February of this year.

https://www.zerohedge.com/economics/small-businesses-file-bankruptcy-record-pace-surpassing-covid-crash

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