These bankruptcies will feed into unemployment as the employment picture starts to shift. And the debt hit 33 trillion. Zombie corporations employ 2.2 million people – when zombies fail all at once, it will exacerbate a crisis and pose financial stability concerns. August Commercial Chapter 11 Filings Increase 54 Percent Over Last Year NEW YORK – Sept. 5, 2023 — There were 634 commercial chapter 11 filings registered in August 2023, an increase of 54 percent from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy , the leading provider of U.S. bankruptcy filing data. Overall commercial filings increased 14 percent to 2,328 in August 2023, up from the 2,045 commercial filings registered in August 2022. Small business filings, captured as subchapter V elections within chapter 11, increased 43 percent to 194 in August 2023, up from 136 in August 2022. Total bankruptcy filings were 41,614 in August 2023, an 18 percent increase from...