Chapter 7 Individual Bankruptcies in April Rise by 16 Percent Year Over Year

Total individual and businesses bankruptcies are up by 9 percent from last year. A person arrives at the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, on Jan. 9, 2020. A person arrives at the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, on Jan. 9, 2020. Brendan McDermid/Reuters Total bankruptcy filings, which include submissions from both individuals and businesses, were up by 9 percent on an annual basis. When an individual resorts to Chapter 7 bankruptcy, the court assesses...