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Tribune News Service
Tribune News Service
Business
Evan Ramstad

Another economic indicator defying predictions? Bankruptcies fell again last year

The economic lessons of the pandemic's flash recession, jobs comeback and inflation overshoot are still being studied.

Here's one that's surprising and still unfolding: Bankruptcy filings fell in each of the last three years here in the Twin Cities.

The data is more mixed by state and metro area, but bankruptcy rates nationwide are generally well below pre-pandemic levels. That flies in the face of expectations a year ago among bankruptcy lawyers and the financial services industry.

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