Bankruptcy Filings Rise 10% and Local Courts Are Feeling the Pinch
Attorney Glenn Moses attributes the uptick to "...a more conservative approach by banks in their lending practices – causing liquidity issues for business which often results in a bankruptcy filing."
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Federal court data show a double-digit uptick in bankruptcy filings, and the ripple effect is being felt in South Florida.
In a report issued July 31, personal and business bankruptcy filings rose 10 percent in the twelve-month period ending June 30, 2023, compared with the previous year.
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