U.S. Courts: New Bankruptcy Filings Plummet 38.1 Percent

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uscourts.gov

New Bankruptcy Filings Plummet 38.1 Percent

Bankruptcy filings dropped 38.1 percent for the 12-month period ending March 31, 2021, a dramatic fall that coincided with the coronavirus (COVID-19), which first disrupted the economy in March 2020. According to statistics released by the Administrative Office of the U.S. Courts, the March 2021 annual bankruptcy filings totaled 473,349, compared with 764,282 cases in the previous year.

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Robert Williams

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