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OverviewAPI
Furniture retailer Z Gallerie files for bankruptcy for the second time in less than two years, citing pandemic-related supply chain and import costs, as well as a housing slump due to spiking interest rates. Soft Surroundings, a womens apparel retailer, files for bankruptcy and will close all 44 of its stores. Business bankruptcies rise 17% in August due to rising interest rates and economic headwinds.

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