U.S. bankruptcy filings surged by 18% in 2023 on the back of higher interest rates, tougher lending standards and the continued runoff of pandemic-era backstops, although insolvency case volumes remain well below the level seen before the outbreak of COVID-19, Reuters reports. Total bankruptcy filings—encompassing commercial and personal insolvencies—rose to 445,186 last year from 378,390
US bankruptcy filings expected to keep climbing after surging 18% last year
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