Bankruptcy filings are surging

Money MattersLeases & LoansInflation
Written By Jennifer Joslyn

💰 Bankruptcy filings are surging.

The number of bankruptcies among U.S. companies has been rising, reaching levels higher than any year since 2010. Reports indicate that bankruptcies in the first four months of 2023 have already surpassed the total for the same period in previous years. Companies selling directly to consumers, followed by industrials and financial services, have seen the most bankruptcies. The increasing cost and limited availability of capital have contributed to this trend, as interest rates have risen significantly.

Read more from The Hill ▶

Featured
Rite Aid Files for Bankruptcy Amid Debt Woes and Opioid Litigation
Rite Aid Files for Bankruptcy Amid Debt Woes and Opioid Litigation

Rite Aid, a debt-laden U.S. pharmacy chain, has filed for bankruptcy protection and plans to close underperforming stores, sell its pharmacy benefit subsidiary Elixir, and address lawsuits related to the sale of addictive opioid medications.

Examining the Debt Ceiling Deal: 5 Victors and 5 Vanquished
Examining the Debt Ceiling Deal: 5 Victors and 5 Vanquished

he debt ceiling battle of 2023 ended with a relatively normal budget deal reached between President Joe Biden and House Speaker Kevin McCarthy, despite the heated rhetoric and talk of default.

Bankruptcy filings are surging
Bankruptcy filings are surging

The number of bankruptcies among U.S. companies has been rising, reaching levels higher than any year since 2010.

Understanding the Debt Ceiling
Understanding the Debt Ceiling

The Republicans, led by McCarthy, are insisting on spending cuts in exchange for raising the debt limit, arguing that the current national debt is unsustainable.

The Global Economic Implications of US Debt Burden
The Global Economic Implications of US Debt Burden

The escalating debt crisis in the United States is raising concerns about an impending recession that could have far-reaching consequences, not only for the US but for the global economy as a whole.

Combining Deficit Reduction Measures with an Increase in the Debt Limit
Combining Deficit Reduction Measures with an Increase in the Debt Limit

A recent poll conducted by AP-NORC revealed that approximately two-thirds of Americans expressed growing concerns over the potential impact on the economy if the US debt limit is not raised.

Examining potential outcomes: How will the US debt limit standoff conclude?
Examining potential outcomes: How will the US debt limit standoff conclude?

The US is facing a looming debt limit deadline, and both President Biden and House Speaker McCarthy are unwilling to give ground ahead of talks scheduled yesterday.

Yellen Warns of Limited Choices if Congress Fails to Address Debt
Yellen Warns of Limited Choices if Congress Fails to Address Debt

Treasury Secretary Janet Yellen has warned that there are "no good options" for the US to avoid an economic "calamity" if Congress fails to raise the nation's borrowing limit of $31.381tn in the coming weeks.

American household debt hits a 15-year high of $17 trillion
American household debt hits a 15-year high of $17 trillion

Spiraling towards levels only seen during the 2008 financial crisis, US household debt has increased by $320 billion in the last 3 months of 2022.

Jennifer Joslyn
Previous

Chipotle Prepares for Nationwide Rollout of RFID Technology
Next

According to Manhattan Associates, utilizing API links can optimize the connections