BREAKING: 52,007 bankruptcy cases were filed in the U.S. in August.
That’s an 8% increase from a year earlier.
Individuals accounted for 49,377 of those filings, up 9%.
Small-business Subchapter V filings, a specific route through Chapter 11, rose 63% to 302.
Those business cases offer eligible owners a chance to restructure and keep operating.
I keep numbers like these in mind when someone says a rising stock market means everyone is doing well.