In #election yr, #BidenDemocrats desperately trying to spin a robust tale of American economic might on the rise, but a #Surge of recent #bankruptcy filings painting a not so rosy picture. Last week over 500 bankruptcies filed in the state of #Georgia alone. February saw 822 large commercial #Chapter11 filings across the USA, a 118% increase from less than 400 a yr earlier, and a 77% increase from the 464 filings in January. The shortest month saw over 39,000 bankruptcy filings of all sorts in February, as Americans hold high #debt rates, prompting an industry monitor to remark "new bankruptcy filings increased double digit percentages from both a monthly and annual #perspective". Many #SmallBiz bankruptcies may be trying to take advantage of a $7.5m debt #reorganization subchapter limit set to lower in to just $2.7m in June.
https://www.monitordaily.com/news-posts/february-commercial-chapter-11-bankruptcy-filings-surge-118/