Consumer credit and collections continues to be in a pandemic induced state of limbo as evident from the continued decline in bankruptcy filings in the United States. A blog post by Robert M. Lawless goes through the numbers.
Total bankruptcy filings are half of what they were pre-pandemic and are at historic lows. The reasons for such low filings are subject to much debate in the credit industry but are believed to be the consequences of the pandemic as well as state, local, and federal governments’ response to the pandemic.
