As a new fiscal year begins, “green shoots” might be sprouting through the economy’s cracks. Then again, more than 20,000 workers are drawing unemployment benefits in the region, and bankruptcy filings are increasing by the month. In this piece, RBS takes a hard look at the economic indicators.
Tavenner & Beran
A flood of bankruptcies could sink more boats
Spurred by housing sector woes and the ensuing credit crunch, bankruptcies around Richmond are spiking to the highest levels in a decade. Most filers in the area are individuals who can no longer tap equity in their homes to pay off credit cards. But the enormous rise in bankruptcies is also spilling over to the… Read more »