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- Bankruptcies spiked 17% in August, according to figures reported by Bloomberg.
- Company failures have now risen for 13 consecutive months.
- The data suggests businesses are struggling to cope with the Federal Reserve's interest-rate rises.
More companies are filing for bankruptcy as the Federal Reserve's interest-rate rises start to chip away at businesses' balance sheets.
The number of failed firms jumped 17% between July and August, according to data from Ep iq Bankruptcy reported by Bloomberg.