Bankruptcy Filings Fall 11.8 Percent for Year Ending in June

Bankruptcy Filings Fall 11.8 Percent for Year Ending in June
A pedestrian walks past a closed Artisan House restaurant in Los Angeles on May 7, 2020. Frederic J. Brown/AFP via Getty Images
Tom Ozimek
Updated:

Despite the pandemic hit to the economy, which has seen record unemployment as businesses shutter and demand falls, personal and business bankruptcies fell by 11.8 percent for the year ending in June, official government figures show.

Still, some industry experts characterize the current downtrend in bankruptcy filings as a lull before the storm, pointing to the dynamic following the Great Recession, which saw filings peak around two years after the outbreak of the crisis.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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