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Bankruptcy Filings in America Reach Highest Level Since 2020:
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A recent report revealed a significant increase in the number of Americans considering declaring bankruptcy during the first half of 2025, reaching the highest level since 2020, the year the COVID-19 pandemic broke out, which left deep economic effects that are still resonating today.
The report issued by Legal Shield, a provider of legal assistance services, stated that this increase reflects a rising level of financial pressure on American households, in what the company described as the 'new normal' that the American citizen is experiencing amid ongoing economic challenges.
A recent report revealed a significant increase in the number of Americans considering declaring bankruptcy during the first half of 2025, reaching the highest level since 2020, the year the COVID-19 pandemic broke out, which left deep economic effects that are still resonating today.
The report issued by Legal Shield, a provider of legal assistance services, stated that this increase reflects a rising level of financial pressure on American households, in what the company described as the 'new normal' that the American citizen is experiencing amid ongoing economic challenges.
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