Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023's.
February 02, 2024 at 09:30 AM
3 minute read
The original version of this story was published on National Law Journal
Bankruptcy filings across all chapters rose 16.8% from 2022 to 2023, with an increase recorded in all four quarters of 2023 after more than a decade on the decline.
Business filings, which made up about 4% of all bankruptcy filings for the year, went up by more than 40% year over year. Bankruptcy experts are now expecting to see a steady stream of Chapter 11 filings continue throughout 2024, though not with a year-over-year jump like 2023′s.
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