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The COVID-19 Pandemic's Impact on Bankruptcy Volumes
04/14/2020 04:00 PM Posted by: AIS InfoSource Poster Avatar
Based on historic trends, when annual unemployment rates increase, bankruptcy filings will follow. AIS Law expects a surge in bankruptcies in late 2020 and early 2021. With multiple relief programs put in place to slow the impact, one could anticipate a lag. However, now is the time to start preparing.

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5
April Bankruptcy Filings Down 46% from 2019
04/14/2020 04:00 PM Posted by: AIS InfoSource Poster Avatar
AIS data shows April bankruptcy filings have decreased 46%, from bankruptcies filed in the same month last year. Bankruptcy filings totaled to 38,421 in April 2020, whereas the total number was 71,284 in April 2019. However, an increase of 28% was recorded in commercial chapter 11 filings, which rose from 462 filings in April 2019 to 592 in April 2020.

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