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Bankruptcies boom in H1 2023

  • Financial Services

Financier Worldwide

Commercial Chapter 11 bankruptcies increased significantly over the first half of the year, according to Epiq Bankruptcy. There were 2973 total commercial Chapter 11 bankruptcies filed during the first six months of 2023, a 68 percent increase over the 1766 filings during the same period in 2022. Individual Chapter 13 filings increased by 23 percent during the same period, according to an article from Financier Worldwide.

Gregg Morin, Vice President, Epiq Bankruptcy: “The increase in commercial and individual bankruptcy filings during the first half of 2023 underscores the economic challenges faced by businesses and individuals."

Read the full article here.

Carrie Trent
Epiq, Director of Communications & Public Relations