Preparing for ‘tsunami’, bankruptcy court sees drop in filings instead

ByDonald L. Leech

Feb 11, 2022

21% decline seen as part of a decade-long trend

February 11, 2022

Bankruptcy attorneys say a number of factors explain why last year saw a 21% drop in filings in Massachusetts instead of the “tsunami” of bankruptcies that many had predicted would result from the economic dislocation caused by the COVID pandemic. Earlier this month, the federal judiciary released a report on business activity in the bankruptcy courts…