Why are bankruptcies down

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The first is, to buy low and sell high. That is, find a cheap stock with sound fundamentals and good prospects for growth — and buy in to take advantage of the. Dow Futures 35, Nasdaq Futures 15, Russell Futures 2, Crude Oil Gold 1, Silver Vix CMC Crypto 1, At this point, researchers are suggesting the following factors have played a role in the decrease in bankruptcy cases:. The pandemic interrupted business as usual in a number of ways. For example, court operations were altered in many areas, some for several months.

Many law firms changed the way they interacted with clients. And, where offices were open, vulnerable prospective bankruptcy filers may have been wary of venturing out to a law office or fearful of being required to appear for an in-person hearing. In the spring, as many states ordered shutdowns of non-essential businesses, tens of millions of workers were displaced. That gap in income may have left many Americans temporarily too cash-poor to pay filing fees and bankruptcy attorneys.

The researchers found some support for this idea in the fact that filings increased shortly after federal stimulus checks went out.

That is, finances were stabilized in the short-term, and many even had extra money to catch up past-due debt payments. The need for debt relief likely subsided for many--even among those who just weeks earlier had been too short of money to consider bankruptcy. That uncertainty may have many people reluctant to make long-term decisions about how to manage financial problems.

For instance, some may be concerned that filing bankruptcy too soon would be a mistake, since their situations may continue to worsen. On the other hand, another round of stimulus payments or enhanced unemployment may provide a different solution. Sudden job losses that outpaced modern records. Bankruptcy Court statistics. Filings are still down so far this year, and to get an understanding of how that might be possible consider two restaurants that closed after the pandemic hit: the popular Souplantation buffet chain and Olive Tree Restaurant, a stand-alone Middle Eastern eatery in Anaheim.

A trip down Pico Blvd. The owner of Olive Tree, however, simply worked out a deal with his landlord to get out of his lease and shut the doors of the restaurant. The different outcomes are hardly atypical: Big companies that died have tended to go to Bankruptcy Court, while an unknown number of smaller businesses simply shut down. Business filings would have been even lower if not for a rise in Chapter 11 cases, which allow companies to reorganize. And many of those cases were filed in a handful of courts favored by large corporations with complicated businesses that required separate filings for individual subsidiaries.

Two-thirds of U. Bankruptcy Court districts saw no increase in Chapter 11 filings. Other notable bankruptcies included retailers J. Penney and Neiman Marcus — two retailers already struggling because of online rivals — and Chesapeake Energy, a victim of depressed demand for oil and gas.

That topped the 58 in , according to New Generation Research , a Boston firm that operates the BankruptcyData website. Clearly people, mainly through government actions, have not yet felt the pain, and have not had the type of event that would precipitate a bankruptcy. Phone Fax Call anytime. You might also like Bankruptcy vs credit counseling. Divorce or bankruptcy. What should I do first?