Rising Economic Pressures Drive Surge in U.S. Bankruptcy Filings by 16.2%

U.S. bankruptcy filings have seen a 16.2% increase, attributed to compounded pressures from rising interest rates, inflation, and the withdrawal of COVID-19 relief measures. Experts suggest that these economic stressors are likely to persist. Scott A. Underwood, a founding partner at Underwood Murray, noted that inflation and interest rates are among the significant factors driving this trend, and they are unlikely to change quickly, even with any potential policy shifts by the current administration. For more information, you can read the original article here.