CFO.com

Chapter 11 bankruptcy filings spiked in 2023, totaling 6,569, a 72% increase over 2022, according to recently released data from Epiq AACER, as higher interest rates and inflation pushed highly leveraged organizations to the brink, according to an article from CFO.com

Michael Hunter, Vice President, Business Development, Epiq

“We expect the increase in number of consumer and commercial filers seeking bankruptcy protection to continue in 2024 given the runoff of pandemic stimulus, increased cost of funds, higher interest rates, rising delinquency rates, and near historic levels of household debt.” 

Read the full article here.


Contact
Carrie Trent
Epiq, Director of Communications & Public Relations
Carrie.Trent@epiqglobal.com