I believe the government benefits are at play here. They are causing a bit of a hiatus. If the unemployment rate continues to rise, the number of bankruptcies is going to rise, that's for sure.
On July 7th, 2020. See this statement in context.
On July 7th, 2020. See this statement in context.
Superintendent, Office of the Superintendent of Bankruptcy
I believe the government benefits are at play here. They are causing a bit of a hiatus. If the unemployment rate continues to rise, the number of bankruptcies is going to rise, that's for sure.
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