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After a Lull in July, Corporate Bankruptcies Spike in August

Summary by tfppwire.com
August saw a sharp rise in US bankruptcy filings, pushing the total for 2024 to its highest level since 2020, according to a new report from S&P Global. This surge comes despite signs of broader economic strength, highlighting the difficult and complex challenges facing American businesses. Key Facts: – 63 companies filed for bankruptcy in August, up from 49 in July – 452 total filings so far in 2024, the highest since 2020 – Three companies wit…
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