Twisted Bailout Economy: Chapter 11 Bankruptcies Surged, But Commercial Chapter 13 Bankruptcies Plunged
This article was written by Wolf Richter and originally published at Wolf Street In the world of struggling businesses, debt defaults, bankruptcies, and closures, there is now a clear dividing line. On one side are those businesses that got bailed out by the government, whether they needed it or not, such as the $25 billion in grants and loans for…