Consumer and commercial bankruptcy filings have surged in the first six months of 2024 compared with the same period in 2023, a study said.

Total bankruptcy filings jumped from about 217,000 in the first half of 2023 to more than 251,000 filed in the first half of this year, representing a 15% increase, according to data provided by Epiq and the American Bankruptcy Institute (ABI).

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