The company’s Chapter 11 bankruptcy petition Friday is another development in a banking crisis that’s shaken stock markets and applied pointed questions to banks’ financial health.
After bankruptcy cases dropped off during the pandemic, are they making a comeback?
In January, newly-filed consumer and commercial filings increased by 19% over the same period last year to 31,087. In February, they rose 18% to 31,889.
The data was compiled by Epiq Bankruptcy, a bankruptcy analytics division of Epiq, a legal technology services company, and the American Bankruptcy Institute, a professional organization for attorneys, accountants, judges, professors and others in the bankruptcy field.
“‘A strong job market is helpful for people. W...