2020 Pandemic Bankruptcy Statistics
It’s no surprise to any that have lived through the recent COVID-19 pandemic that the economy has suffered greatly. Individuals who relied on their weekly paycheck found themselves out of work for months and waiting on unemployment checks. Businesses have found themselves unable to employ workers and produce the number of products and services they’re used to. Recently, there have been a number of statistics released about how this pandemic is affecting the economy. Overall, there have been many disruptions, increases in bankruptcy filings, from May to June, and also from 2019 to 2020. Meanwhile, non-business filings fell, surprisingly. Here is a brief overview.
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