US bankruptcy filings on pace to reach highest level since 2020

In the wake of the economic turmoil caused by the COVID-19 pandemic, the United States witnessed a significant surge in bankruptcy filings in 2020. The pandemic-induced recession left many businesses and individuals grappling with financial hardships, forcing them to seek legal protection through bankruptcy. As the nation strives to recover from the economic fallout, a surprising trend has emerged – bankruptcy filings in the US are on pace to reach their highest levels since 2020. This article delves into the factors contributing to this upward trajectory and its potential implications on the US economy. https://adidaswilson.com/us-bankruptcy-filings-on-pace-to-reach-highest-level-since-2020/