> Overall commercial filings registered 2,743 for the first half of 2024, representing a 27 percent increase from the commercial filing total of 2,154 for the f

> Overall commercial filings registered 2,743 for the first half of 2024, representing a 27 percent increase from the commercial filing total of 2,154 for the first half of 2023 Does anyone know why Chapter 11 would increase so much more than other bankruptcy filings? From what I understand (in my limited knowledge), Chapter 11 is the “milder” one, compared to Chapter 7, but I have no idea what that actually means for businesses in terms of the economy. Is it a good thing that there are relatively more “mild” bankruptcies? Or does this increase even says anything about the economy at all? ~2500 filings seems pretty low regardless. I feel like there is some context missing, as the article is pretty vague overall.