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Bankruptcy filings at highest in a year as interest rates bite: S&P Global

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Bankruptcy filings by U.S. corporations sprang to the highest level in a year last month, with S&P Global Market Intelligence saying companies are feeling the weight of lingering high interest rates, according to an article from MSN.

Michael Hunter, Vice President, Epiq AACER

“Factors contributing to this trend are the higher cost of funds and interest rates, a reduction in consumer discretionary spending, higher housing costs, and a continued drawdown of excess savings."

Read the full article here.

Carrie Trent
Epiq, Director of Communications & Public Relations