A Surge in Small Business Bankruptcies is Underway

Re-posted article from Straight Line Logic

More than 500 companies filed for bankruptcy under the small-business bankruptcy rules since February, according to the American Bankruptcy Institute. June was the top month for filings with 131 cases; many were filed in states hit hard by the pandemic like Florida, Texas, California, New York and Illinois.

  A Surge in Small Business Bankruptcies is Underway

Unfortunately this is the tip of the proverbial iceberg.

A lot of people are going to need a lot of help over the upcoming years.  Do what you can, in whatever capacity you have to help.  We have increased our donations to a local charity called The Hope Center and have started sending small sums to the Food Bank of Oklahoma.  Every little bit helps.

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