Official bankruptcy figures for the period ending March 30, 2023.
Total bankruptcies are up 10%.
Business bankruptcies are up 23.3%.
Personal bankruptcies are up 9.5%.
Chapter 7 (liquidation) remained almost the same over the previous 12 months.
Chapter 11 & 13 (reorganization) ratcheted up significantly.
Chapter 12 (Family farmers and fishers) continues to plummet.
However, total bankruptcies remain well below pre-covid numbers.
So Biden economy isn’t so good.
We did save lives and stopped the spread of Coronavirus…sort of…See this is actually worse because these are companies that withstood the virus shutdowns only to slowly bleed out under Brandon malaise and spend economics.
Thanks for posting.
Right except they were much higher during the Trump boom years. Based on your logic that is…
2020 was a boom year?
Just as I suspected from the cherry pick.
They stabilized under Trump after peaking under Obama. Then the virus impact.
The remains are just a smaller pool to go bankrupt from and STILL they are up.
Was that the only year when President Trump was President?
They peaked in 2010… probably for no reason (lol) and continued to drop throughout the obama years.
“stabilized under Trump” is a fabrication. Typical of coruse but still
And they were still higher under Trump than now. Based on your fun logic
That wasn’t even a good dig.
It was the 2008 economic crash.
Everything Biden touches…
I can assure you…it’s going to get a LOT worse, before it gets better. My advice, save your money and homes, motorhomes, boats and toys will be able to be purchased within a year for cents on the dollar. I do not like what I believe I am seeing in our nation’s financial future.
Right so it was a 2008 recession and the numbers went down throughout Obama presidency and then flattened out (that’s not on trump).
And “Biden’s” are still less than trumps.
It’s a ludicrous metric but hey you chose your bed
Confidence Stands at Highest Level since July 2021 after Second Straight Month of Gains
I’m planning on dedicating 5 years to living on a sailboat when my kids are out of the house.
I can only tell you that I want to be wrong. I’ll make a lot more money in a great economy. That said, I’ve made a lot of money because I was right, when the majority was wrong…and I was prepared.
When you’re in port, let me know and the wife and I will come visit. 
The economy is a self-fulfilling prophecy, so improving consumer confidence should be a good sign.
Yellin is the common thread.
Bidenomics!
Good, you can help us catch some wicked tunas. lol
First of all, this thread was not aimed as a critique of either Biden or Trump.
A lot of bankruptcies are not attributable to either man.
For example, the “Yellow” bankruptcy of a day ago.
The fault for that bankruptcy was purely on Yellow.
And the whole covid situation was beyond the control and scope of any one man anyhow.
Nope, this is just tracking current trends, nothing more.
Not pointing fingers at Trump or Biden with this.
We give Presidents far too much credit for the economy.
They have NO credit for any positive development in the economy.
They have relatively limited credit for negative developments.
Here is a recent graphic and story from S&P Global
(I added the red line.)
US corporate bankruptcies slow in October; number of large filings rises
.
Total US corporate bankruptcies fell in October, but more companies with large liabilities buckled under the weight of higher interest rates.
A total of 50 companies filed for bankruptcy in October, down from 61 in September, according to the latest S&P Global Market Intelligence data. This was the second-lowest monthly total for the year so far, though still elevated compared to monthly filing totals for most of 2021 and 2022.
Growing economic headwinds and a tight domestic labor market are putting more pressure on struggling companies. In the first 10 months of the year, 561 companies sought bankruptcy protection, more than any year since 2010, except for 2020.
