The Economy's a Mess! Why are Bankruptcy Filings Down?
Recently released figures for 2020 indicate that nationally, bankruptcy filings are on a pace to reach their lowest level since 2006 (we're quite busy here, though). And yet, the economy's a mess, people are out of work, and bills aren't being paid--factors that historically equate to high bankruptcy filings. Why the disconnect?
My colleague and friend Brad Botes, an excellent bankruptcy attorney in Alabama, wrote an excellent blog discussing this question. You may read it here.