BREAKING: US new bankruptcy filings hit 6,276 in Q2 2024, the highest level since Q2 2017.
— The Kobeissi Letter (@KobeissiLetter) August 20, 2024
The number of companies declaring bankruptcy has DOUBLED in just 2 years.
Chapter 7 filings, also known as liquidation bankruptcies, reached a whopping 3,151 in Q2, the most since the… pic.twitter.com/tEDMkNrT39
Heavy duty reality
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