We'll continue to see the bankruptcies long after recovery begins. Recovery does nothing to help the debt that has accumulated trying to survive.

yes, recovery is started does not means that every indicator is pointing upwards. When economic slump started not all indicators started to spiral out the same time, first stock market, job cuts, etc.. So now we are improving since our leading indicators like stock markets are going up, so I think be patient is all we need to do for a couple of months.