REPORT: AIS Insight - July 2020 Bankruptcy DataAug 6, 2020
In the latest AIS Insight Report, July bankruptcies totaled 42,839, representing a .99% increase from the previous month and a 33% decrease from July 2019. Although bankruptcies rose for a second consecutive month, volumes remain below historical averages.
REPORT: AIS Insight - June 2020 Bankruptcy DataJul 6, 2020
This month’s AIS Insight report shows that bankruptcies in the month of June totaled 42,411 representing a 30.56% decrease from the 61,078 filed in June 2019. June marked the fourth consecutive month of declining bankruptcy volumes, compared to the same time period in 2019. The report also illustrates a steep rise in Chapter 7 bankruptcies, which now account for nearly 75% of all filings.
NEWS: The Paycheck Protection Program ExtendedJul 6, 2020
Small Businesses who haven’t applied for forgivable loans to ease the pain of the COVID-19 pandemic now have a second chance. President Trump signed legislation on Saturday extending the deadline to apply for the Paycheck Protection Program (PPP) through August 8.
NEWS: Federal Unemployment Benefits May Expire SoonJun 29, 2020
While some members of Congress are interested in extended funding for unemployment payments, others have raised questions if it would interfere with economic recovery. Learn about the state of federal unemployment benefits and how they may affect the U.S economy.
NEWS: The Calm Before the Storm of BankruptciesJun 15, 2020
In this article from American Banker, John McMickle uses AIS InfoSource data to explain the calm before the storm of bankruptcies. McMickle urges lawmakers not to be misled by the slower pace in personal bankruptcy filings thus far.
REPORT: AIS Insight - May 2020 Bankruptcy DataJun 5, 2020
In the latest AIS Insight report, bankruptcies for the month of May totaled 39,961 representing a 41.94% decrease from the 68,829 filed in May 2019. Making it the third consecutive month of declining bankruptcy volumes, compared to the same time period in 2019. Although, chapter 11 bankruptcies increased by 42% in May to 758 filings.
NEWS: The Share of Mortgage Loans in Forbearance Rises to Nearly 7%Apr 27, 2020
With 26.5 million Americans filing for unemployment over the past month, homeowners are seeking mortgage servicer’s relief. The forbearance plan allows homeowners that have been affected by the COVID-19 economic crisis with federally backed loans to pause, delay, or reduce their mortgage payment.
NEWS: Trump Signs $484 Billion Coronavirus Stimulus BillApr 24, 2020
On Friday, April 24h, the U.S President Donald Trump signed a $484 billion stimulus package to aid small businesses and the healthcare system. This new bill replenishes two exhausted funds for small business assistance – the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program.
NEWS: Small-Business Sector is Most Likely to Collapse Amidst COVID-19 CrisisApr 7, 2020
As per a recent report by the Federal Reserve Bank of New York, even the best-managed small businesses are in a vulnerable position due to the COVID-19 economic crisis. The report titled "Small Business Credit Survey: 2020 Report on Employer Firms,” examined US based small businesses consisting with less than 500 full or part time employees.
REPORT: AIS Insight - April 2020 Bankruptcy DataApr 6, 2020
AIS data shows April bankruptcy filings have decreased 46%, from bankruptcies filed in the same month last year. Bankruptcy filings totaled to 38,421 in April 2020, whereas the total number was 71,284 in April 2019. However, an increase of 28% was recorded in commercial chapter 11 filings, which rose from 462 filings in April 2019 to 592 in April 2020.
NEWS: US Economic Recovery After COVID-19 – It May Take Another 3 YearsMar 30, 2020
As per a new report from consultancy McKinsey & Company, the economies of the United States and Eurozone could take until 2023 to recover from the impact of the coronavirus crisis. According to the report, in case the public health response fails to prevent a revival after the coronavirus crisis, the economic recovery for the world will remain muted.
REPORT: AIS Insight - March 2020 Bankruptcy DataMar 5, 2020
According to the latest issue of AIS InSight, March bankruptcies totaled to 62,832 representing a 14.52% decrease from the 10,675 filed in March 2019. Total bankruptcy filings were up 11.8% from the previous month (February 2020).