URL has been copied successfully!
A total of 54,028 bankruptcy filings were made in October, a 2 percent jump from a year ago, according to the American Bankruptcy Institute (ABI).
The figure includes filings made by both individuals and businesses. Bankruptcy filings by individuals rose 2 percent year over year, while business filings fell 4 percent, ABI said in a Nov. 6 statement.
“Elevated costs, tight credit conditions, and geopolitical risks continue to provide challenging economic headwinds for small businesses and families,” Amy Quackenboss, ABI executive director, said.
The 12-month inflation rate was 3.7 percent in September, the seventh straight month it has remained above 3 percent, according to data from the Bureau of Labor Statistics….
The figure includes filings made by both individuals and businesses. Bankruptcy filings by individuals rose 2 percent year over year, while business filings fell 4 percent, ABI said in a Nov. 6 statement.
“Elevated costs, tight credit conditions, and geopolitical risks continue to provide challenging economic headwinds for small businesses and families,” Amy Quackenboss, ABI executive director, said.
The 12-month inflation rate was 3.7 percent in September, the seventh straight month it has remained above 3 percent, according to data from the Bureau of Labor Statistics….
Share this story:
