Small Business Bankruptcies Rise Amid Economic Turmoil
Submitted by MAGA
Posted 1 day ago
US Small Business Bankruptcies Surge Amid Economic Strain
As America’s small businesses brace for challenging times, a recent report highlights a troubling rise in bankruptcies that echoes larger economic concerns.
November saw a significant 23 percent increase in small business filings under Chapter 11’s Subchapter V, climbing to 223 submissions as struggling mom-and-pop shops face ongoing financial pressures.
The increase in bankruptcies coincides with a troubling trend across the nation, where inflationary pressures and rising interest rates continue to affect the viability of small enterprises.
Commercial Chapter 11 filings also spiked by 20 percent year-over-year, totaling 2,687 cases as entrepreneurs struggle with tight credit and escalating costs.
Amidst these challenges, personal bankruptcies rose by 8 percent, signaling a growing financial burden on households.
While these statistics paint a grim picture of the current economic landscape, there is reason for optimism on the horizon.
Despite the obstacles, a recent report from Bank of America reveals that 74 percent of small and medium-sized businesses anticipate revenue growth in the coming year.
Many of these businesses are planning for expansion, reflecting resilience and a commitment to overcoming economic hurdles.
Amid this backdrop of uncertainty, President Donald Trump’s One Big Beautiful Bill Act is set to become a beacon of hope for small businesses nationwide.
This landmark legislation provides critical tax relief, including a permanent 20 percent business income deduction and enhanced employee benefit credits.
Treasury Secretary Scott Bessent recently expressed confidence in the bill’s potential to stimulate growth for small businesses in 2026.
He remarked, “Next year is going to be the year for Main Street as all this kicks in.”
As the economy grapples with these challenging times, small businesses are clearly pivotal to America’s overall financial recovery.
While the increase in bankruptcies raises alarms, the resilience and determination of American entrepreneurs suggest a brighter future is possible, particularly as targeted support from the government comes into play.
The year 2026 holds promise, and it appears that the foundation laid by Trump’s administration is geared toward empowering small businesses during these tumultuous times.
Sources:
theepochtimes.com
retirement.media
cnbc.com
As America’s small businesses brace for challenging times, a recent report highlights a troubling rise in bankruptcies that echoes larger economic concerns.
November saw a significant 23 percent increase in small business filings under Chapter 11’s Subchapter V, climbing to 223 submissions as struggling mom-and-pop shops face ongoing financial pressures.
The increase in bankruptcies coincides with a troubling trend across the nation, where inflationary pressures and rising interest rates continue to affect the viability of small enterprises.
Commercial Chapter 11 filings also spiked by 20 percent year-over-year, totaling 2,687 cases as entrepreneurs struggle with tight credit and escalating costs.
Amidst these challenges, personal bankruptcies rose by 8 percent, signaling a growing financial burden on households.
While these statistics paint a grim picture of the current economic landscape, there is reason for optimism on the horizon.
Despite the obstacles, a recent report from Bank of America reveals that 74 percent of small and medium-sized businesses anticipate revenue growth in the coming year.
Many of these businesses are planning for expansion, reflecting resilience and a commitment to overcoming economic hurdles.
Amid this backdrop of uncertainty, President Donald Trump’s One Big Beautiful Bill Act is set to become a beacon of hope for small businesses nationwide.
This landmark legislation provides critical tax relief, including a permanent 20 percent business income deduction and enhanced employee benefit credits.
Treasury Secretary Scott Bessent recently expressed confidence in the bill’s potential to stimulate growth for small businesses in 2026.
He remarked, “Next year is going to be the year for Main Street as all this kicks in.”
As the economy grapples with these challenging times, small businesses are clearly pivotal to America’s overall financial recovery.
While the increase in bankruptcies raises alarms, the resilience and determination of American entrepreneurs suggest a brighter future is possible, particularly as targeted support from the government comes into play.
The year 2026 holds promise, and it appears that the foundation laid by Trump’s administration is geared toward empowering small businesses during these tumultuous times.
Sources:
theepochtimes.com
retirement.media
cnbc.com
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