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Bankruptcies surge 18% in 2023 as more distress looms

  • Financial Services

CFO Dive

The rise in business failures was one of the darker pieces of 2023’s economic puzzle as a number of iconic names failed in their bids to stay afloat, according to an article from CFO Dive

Michael Hunter, Vice President, Business Development, Epiq

"The cost of funds for businesses and individuals, more so for businesses that leverage credit lines tied to prime, their expenses on the cost of those funds have certainly more than doubled if not potentially tripled over a year period or less.” 

Read the full article here.

Carrie Trent
Epiq, Director of Communications & Public Relations