Why are bankruptcy filings on the rise? Some people do everything right and still have to seek protection in the bankruptcy laws. But the biggest factor that has lead to filing bankruptcy is the easy availability of credit.
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Restaurants Unlimited, which runs several restaurants in the Seattle area, is filing for bankruptcy and they say the rise in minimum wage has played a role. Its restaurants can be found throughout the.
Separate ONS research on Monday also suggested workers may be feeling increasingly insecure in their jobs, with expectations.
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Consumer debt is on the rise, and when 35% of married and 39% of nonmarried. It’s a dilemma, and some people may be considering absolving their debt. Israel’s path to filing for bankruptcy, from.
Of the 8,809 Chapter 13 consumer bankruptcy filings that attorney. “The recession beginning in 2007 also brought an increase in cases in the.
4 days ago. Following years of low farm income, bankruptcies are on the rise.. said the depressed farm economy is driving the uptick in bankruptcy filings.
California utility PG&E (ticker: PCG) may have filed for chapter 11 bankruptcy, but its stock is still rising on Tuesday. PG&E stock was up 16% to.
The Fed update pointed out that, "Not surprisingly, bankruptcy numbers inversely follow the rise and fall of commodity prices. After a comparatively steep spike in chapter 12 filings during the Great Recession-that 2010 peak-ag prices started rising across the board, and bankruptcies logically pivoted and started to decline.
Compared to the previous year, January 2016 saw a 13% increase in businesses filing for bankruptcy. This is a shocking turn of events, coming off a 20% drop in Chapter 11 business bankruptcy filings in 2015.
Bankruptcy filings jumped on both a year-over-year and month-over-month basis to begin 2019. According to data provided by Epiq Systems, the American Bankruptcy Institute reported that U.S. bankruptcy.
After experiencing a sharp drop in the first quarter of 2006, the rate of bankruptcy filings has begun to rise. The lull in late 2005 and early 2006 is thought to be a result of tough new bankruptcy legislation. Given the recent uptick, however, it looks like the bankruptcy legislation did little more than temporarily [.]
Every one of the jewelry business’ 261 locations across 38 stores will shutter their doors following the bankruptcy filing from the company. hampering brick-and-mortar stores. The rise of.