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Bankruptcy

Apr. 6, 2017

Bankruptcy filings in California hit lowest point since the recession

Experts said to expect an uptick in 2018 due to raised interest rates and a potential bubble in subprime auto loans.

By America Hernandez
Daily Journal Staff Writer

LOS ANGELES — Despite bankruptcy filings in California hitting their lowest point since before the recession, experts said to expect an uptick in 2018 due to raised interest rates, a potential bubble in subprime auto loans, and the explosion of underemployment due to the so-called "gig economy."

But while individual petitions might spike, commercial bankruptcy filings in California m...

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