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The Fed could still kill off more zombie companies even after bankruptcies have spiked 54% since last year
Dive into the latest insights on the Federal Reserve's monetary policy tightening and its impact on the business landscape. This article from Business Insider, featuring statistics from Epiq Bankruptcy, explores the alarming rise in corporate bankruptcies, particularly among mid- and small-cap companies, shedding light on the potential implications for the overall economy.
In August, there were 634 commercial Chapter 11 bankruptcy filings registered in the US, data from Epiq Bankruptcy shows. That marked roughly a 54% jump compared to the 411 filings seen 12 months prior.
Read the full article here.
Epiq, Director of Communications & Public Relations