Now that pandemic aid has vanished, bankruptcies are on the rise
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(Worthy News) – The end of federal pandemic aid is putting many Americans and businesses under mounting financial pressure, leading to a spike in bankruptcies.
Total bankruptcy filings in January shot up 19% in January to 31,087, up 19% from a year ago, according to data from Epiq, a legal research firm. The number of Americans who filed for bankruptcy across Chapters 7, 11 and 13 shot up 20% in January from a year ago.
The surge in filings comes as rising interest rates and high inflation continue to stress household budgets. [ Source: CBS News (Read More…) ]
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