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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