06/29/2022
Amid rising interest rates, growing inflation, worker shortages and supply chain disruption, companies – and in turn individuals / employees – are feeling the pinch.
Regionally, as of May 2022, Chapter 11 bankruptcy case filings in the United States Bankruptcy Court Southern District of Florida nearly doubled year-over-year and also doubled from the prior month (April 2022).
We need to start talking about it -- and taking action by utilizing the legal process for restructuring debt for companies/partnerships, rather than putting our heads in the sand.
Click below to read about Chapter 11 on a national level from Financier Worldwide magazine
Although remaining below last year’s numbers due largely to government support packages provided in response to the coronavirus (COVID-19) pandemic, bankruptcy filings in the US have started to increase over the first half of 2022. In February there were 26,985 new filings across all chapters, up ...