Bankruptcy Cases Still On The Decline

At the beginning of the in 2020 pandemic many experts predicted a wave of bankruptcy filings that would set new records. Early on the number of bankruptcy cases dropped significantly. This was explained by the lockdowns and other measures that made it difficult to meet with a bankruptcy attorney.

However, as time has passed the number of people filing bankruptcy have not rebounded. The number of bankruptcy cases still has not come back to pre-pandemic numbers. In fact, bankruptcy filings are only a fraction of what they used to be.

Keeping with this trend the number of bankruptcy filings in September 2021 continued its downward trend. Going even lower than August 2021. Some are of the opinion that bankruptcy filings will increase in the coming months due to the eviction moratorium expiring.

The pandemic has been tremendously difficult for many people. However, it has been nearly impossible to predict what its effect on bankruptcy will be going forward. If the number of bankruptcy cases does not rise in the last quarter of 2021, there may be a good chance of them coming bank in the first and second quarters of 2022.

If you have any questions about bankruptcy and would like a free consultation. Please give us a call at (818) 305-6200. Have a consultation with the best Santa Clarita Bankruptcy lawyer.