I think I saw an article on here a while back warning this was on the way.
Knowing it's here (imho) is not nearly as important as figuring out what the heck "it" really is and means. All I can see here is we got some kind of momentary spike that's dwarfed by a super long run of less and less bankruptcies. My take is that all this means is we watch it for a while to see what comes next.