Bankruptcy
Jul. 28, 2020
Government stimulus has held off bankruptcies — for now
Attorneys for debtors and creditors are surprised that the expected wave has not yet come, despite some high-profile Chapter 11 filings.
Recent high profile bankruptcy filings seemed to confirm the worst: The wave has begun.
But overall, bankruptcy filings are down nationally and in California, as the worst may be yet to come, according to U.S. Bankruptcy Court statistics.
There have been fewer filings over all in the Central District of California between April and July than in the pre-pandemic months of January and February, accor...
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