Bankruptcy Filings on the Rise in First Half of 2023

Bankruptcy Filings on the Rise in First Half of 2023
The U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, New York, on January 9, 2020. Brendan McDermid/Reuters/File Photo
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Chapter 11 bankruptcy filings in the United States jumped 68 percent in the first half of 2023 compared to the same period last year, according to Epiq Bankruptcy, a provider of bankruptcy filing data.

Epiq reported a total of 2,973 commercial Chapter 11 bankruptcies were filed in the first six months of 2023, compared to 1,766 in the same period last year.