The American Bankruptcy Institute reported a 10% increase in August 2022 Bankruptcy filings across the nation from the same period last year. 

There could be many reasons people are now considering filing Bankruptcy, such as, stimulus checks have stopped, moratoriums on evictions have stopped or decreased, creditors are beginning to move forward in pursuing the debt, debtors may have accrued during the pandemic, and medical bills are piling up and inflation costs are on the rise.

Sherry Ellis