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BlockChain Meetups

BlockChain Meetups
Join us on every Wednesday from 4pm to 6pm. We will be talking about the latest technology and innovativation ideas to mold future of self-empowerment. Our main focus is building a BlockChain community with an open source Educational system for FREE!!!!!!!. We hope to see you there!!! 
starting on 2018-07-20 16:00:00

Address:
Eden Prairie
14675 Martin Drive
55344 Eden Prairie
United States{flickr|100|campaign}

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Commercial Bankruptcies Spike, Consumer Bankruptcies Jump for First Time since 2010, but Don’t Blame the Oil Bust

Wolf Street

wolfstreet.com / by Wolf Richter • Apr 8, 2017 

The Great Debt Unwind, right here, right now.

Commercial bankruptcy filings, from corporations to sole proprietorships, spiked 28% in March from February, the largest month-to-month move in the data series of the American Bankruptcy Institute going back to 2012. They’re up 8% year-over-year. Over the past 24 months, they soared 37%! At 3,658, they’re at the highest level for any March since 2013.

Commercial bankruptcy filings skyrocketed during the Financial Crisis and peaked in March 2010 at 9,004. Then they fell sharply until they reached their low point in October 2015. November 2015 was the turning point, when for the first time since March 2010, commercial bankruptcy filings rose year-over-year.

Bankruptcy filings are highly seasonal, reaching their annual lows in December and January. Then they rise into tax season, peak in March or April, and zigzag lower for the remainder of the year. The data is not seasonally or otherwise adjusted – one of the raw and unvarnished measures of how businesses are faring in the economy.

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The post Commercial Bankruptcies Spike, Consumer Bankruptcies Jump for First Time since 2010, but Don’t Blame the Oil Bust appeared first on Silver For The People.