A 'great debt unwind' has begun - Bankruptcies up 5%
http://www.businessinsider.com/commercial-business-bankruptcies-2017-6
Total US business bankruptcies in May rose 4.7% year-over-year to 3,572 filings, according to the American Bankruptcy Institute.
That’s up 40% from May 2015 and up 10% from May 2014.And there’s another concern: Bankruptcy filings are highly seasonal. They peak in tax season – March or April – and then fall off. The decline in April after the peak in March was within that seasonal pattern.
Over the past years, filings dropped in May. But not this year. This year, they jumped:
http://www.abi.org/newsroom/bankruptcy-headlines/total-may-bankruptcy-filings-increase-5-percent-over-last-year
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