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Pandemic led to a decrease in the number of bankruptcies in the US

The number of insolvency claims filed by the citizens of US has dropped markedly in 2021. The average number of bankruptcies fell to 1.21 per 1,000 people. In 2020, it was 1.71. Such data are provided by experts of the American Bankruptcy Institute. Starting from 2012, the organization publishes monthly reports on the number of bankruptcy applications filed in accordance with chapters 7 and 13 of the relevant regulatory act. Sabrina Carl from the University of Michigan notes that recent data show...

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