Credit Squeeze Comes for Main Street as Bankruptcies Surge
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Rising bankruptcies reflect a tight credit market driven by cautious banks and high rates. U.S. insolvency filings reached 150,009 in the first quarter of 2026, according to the American Bankruptcy Institute. Small-business filings jumped 67% year over year. Persistent inflation, elevated interest rates, and geopolitical instability are key drivers, but the more immediate constraint is access to credit. In April, PNC Financial Services CFO Robert Reilly emphasized lending prudence: “We have
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