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Stimulus is Helping or Delaying Bankruptcies?

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Stimulus is Helping or Delaying Bankruptcies? 63% Decrease in NJ Bankruptcy Filings May 2019 Vs May 2020

New Jersey Bankruptcy filings for all cases:  

Chapters 7, 11, 13, and adversary proceedings are down:

  • May 1 – May 29, 2019     Total filings =   2,577
  • May 1 – May 29, 2020    Total filings =      946
  • Decrease:       1,631   or   63%

Time will only tell…..

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