Business Bankruptcies Jump 34 Percent in First Half of 2024

By Naveen Athrappully Bankruptcy filings by commercial entities grew by more than a third this year as businesses struggled under an environment of high costs and interest rates, according to the American Bankruptcy Institute (ABI). A total of 3,016 commercial Chapter 11 bankruptcies were filed in the January–June period this year, up 34 percent from […]