Bankruptcy Filings On The Rise

Bankruptcy filings in 2021 continue to be down compared to the same period in 2020. However, the filing trends over the last two months of March and April show that bankruptcy filings are on the rise. As the pandemic nears its end, it appears as if more and more individuals are returning to filing bankruptcy cases to clear up old debt and to get a new financial start.

When the pandemic started, many attorneys assumed that it would result in a historic wave of bankruptcy filings. Instead, the opposite has happened so far. The past 12 months has seen a historic low in bankruptcy filings.

Bankruptcy cases may still see a surge in the months and years to come as a result of the pandemic. But it is unlikely to be the tsunami of bankruptcy cases that many predicted when Covid-19 first came upon American shores.

If you are considering filing bankruptcy and are looking for the best bankruptcy lawyer at the lowest price, then contact our office today for a free bankruptcy consultation with a bankruptcy attorney.