**Bankruptcy Filings Ease in September, Yet Remain on Pace to Surpass Last Year’s Totals**
After a notable surge in August, the number of US bankruptcies decreased in September, bringing a sense of temporary relief to the market. However, despite this slowdown, the overall trend suggests that the total number of filings for the year is likely to surpass 2023’s levels and potentially approach the highs seen in 2020. According to recent data, a total of 59 public companies and certain private entities filed for bankruptcy in September, indicating that the economic landscape remains challenging for many businesses.
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