ANALYSIS: Consumer Bankruptcy Filings Are Low. Too Low.

At the start of the pandemic shutdown, I felt confident that bankruptcy filing rates would soar by the time we hit the third quarter of 2020. Yet, as we wait to see any sign of a spike that would send us to 2010 filing levels, I am starting to feel like the boy who cried wolf.

While commercial Chapter 11 bankruptcies have ramped up, bankruptcy filings as a whole are down. Considering the widespread unemployment, increased business bankruptcy filings, continuing shutdowns, and stalled re-openings, consumer bankruptcy filings are so far down as to defy logic. If you read my ...