US Bankruptcy Filings Jump 77 % In July, Paced By Energy Sector

Recently launched numbers bear out the sensation that a long-awaited bump in bankruptcy filings has arrived this summer, as submissions under chapter 11 increased 77 % in July.

There were 637 filings under chapter 11 of the bankruptcy code last month throughout the United States, according to statistics from Epiq Systems, compared to 359 at the exact same time last year. It is the most month-to-month brand-new chapter 11 filings in almost three years. That leaves out April …

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