Business Bankruptcies Revisited

Back in June we published a story about the rising number of commercial bankruptcies. One of the big questions raised was how long the rate of bankruptcies will remain elevated. Some economists think bankruptcies will remain high for a year or more even after economic growth returns. (The third quarter GDP growth rate, to be released this Thursday, is widely expected to show positive growth.)

The latest commercial bankruptcy figures (courtesy of AACER) are below. The chart shows the average number of US commercial bankruptcies per filing day in each month (because some months have more business days than others, strict month-to-month numbers can be misleading).