Business Bankruptcies Fall 7% In April But Remain Elevated
Eric Morath
The number of businesses filing for bankruptcy declined about 7% in April over the peak level reached in the previous month, but the total remains well above historical norms.
Chapter 11 filings by U.S. businesses totaled 1,214 in April, with a year to date total of 4,933, according to newly released data from Oklahoma-based Automated Access to Court Electronic Records (AACER).
Combined business, personal filings jumped 13 percent
U.S. business bankruptcies rose again in last month, marking the fifth-straight February that such filings have increased, according to a bankruptcy data provider on Tuesday.
Business Bankruptcies: Outlook for 2010 and What You Should Know
Beth Schenz
While they became stronger in 2009 (yes they became stronger), the financial institutions were more willing to write off the bad debts of companies and were less likely to restructure debts when companies became delinquent.
Business Bankruptcy Filings Increased 7% in October
ERIC MORATH
Business bankruptcy filings jumped in October, reversing two consecutive months of declining commercial filings and indicating that bankruptcies could continue to rise as the economy struggles to stabilize.
The number of businesses filing for bankruptcy declined about 7% in April over the peak level reached in the previous month, but the total remains well above historical norms.
Chapter 11 filings by U.S. businesses totaled 1,214 in April, with a year to date total of 4,933, according to newly released data from Oklahoma-based Automated Access to Court Electronic Records (AACER).
Combined business, personal filings jumped 13 percent
While they became stronger in 2009 (yes they became stronger), the financial institutions were more willing to write off the bad debts of companies and were less likely to restructure debts when companies became delinquent.
Business bankruptcy filings jumped in October, reversing two consecutive months of declining commercial filings and indicating that bankruptcies could continue to rise as the economy struggles to stabilize.