After The Covid-19 Deluge, A Bankruptcy Tidal Wave?

The number of people filing for bankruptcy could set records next year. And, while bankruptcy reform artificially spurred the 2005 record of nearly 2.1 million cases filed, this peak will be all about the reality of a Covid-19-blasted economy. That’s a bankruptcy tidal wave of a different color. So far, 2020 has avoided a surge of personal bankruptcies. In fact, total bankruptcy filings year to date trail the 2019 figures.