Bankruptcies Surge, But Businesses Opt for Reorganization

Bankruptcies surge, but economy may not be as dire as it seems. Despite a significant increase in bankruptcies this year, reaching levels not seen since 2010, the current figures are still far lower than the peak of the Great Recession. More businesses are opting for Chapter Eleven reorganization, indicating a proactive approach to financial difficulties and a focus on long-term survival.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.