Bankruptcies on the rise across US economy, large corporate filings highest in 15 years
The number of bankruptcies in the U.S. reportedly increased this year, with filing by large corporations reaching their highest level in 15 years.
The filings are across the country’s economy, from the billion-dollar giants to mom-and-pop shops to everyday individuals, according to BusinessInsider.com.
The surge in bankruptcies highlights the financial pressures facing consumers and companies amid the rising cost of goods and services and a tougher borrowing environment,