Last year, more retailers filed for bankruptcy than any year since 2020 when the COVID War broke out, S&P Global Intelligence reported. Aside from that year, the number was the largest since 2017.
Tag: bankruptcy
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CANADIAN HOUSEHOLDS FILE MOST BANKRUPTCIES SINCE 2009
In 2024, 137,300 Canadian households declared insolvency, similar to bankruptcy, 11.4 percent more than the year before and the most since the record year of 2009 during the Great Recession, data from the country’s Office of the Superintendent of Bankruptcy (OSB) shows.
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BUSINESS BANKRUPTCIES UP 39 PERCENT IN AUSTRALIA
In the past 12 months, 11,049 Australian businesses have filed for bankruptcy. The number rocketed up 39 percent compared to the same period across 2022 and 2023, according to the Australian Securities and Investments Commission.
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U.S. BUSINESSES FAILING AT FASTEST RATE SINCE GREAT RECESSION
Each week in The Trends Journal we report on businesses going out of business. And we had forecast that by the numbers, a bad situation would become much worse. Confirming
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CORPORATE BANKRUPTCIES COULD REACH 13-YEAR HIGH
Through August, 450 U.S. corporations have claimed bankruptcy, more than the total in either 2021 or 2022, according to a report by Guggenheim Investments.
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CHAPTER 11 BANKRUPTCIES JUMP 68 PERCENT THIS YEAR
The number of business and personal Chapter 11 bankruptcies shot up to 2,973 during this year’s first five months, a 68-percent increase from the 1,766 in the same period in 2022, data service Epiq Bankruptcy reported on 3 July.
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